History of Bank Robbery!

ATM looting

An ATM looting is a type of bank robbery in which a series of cash machines are robbed of cash. The thieves do the looting by using identity fraud to create debit cards containing other people’s banking information, then they withdraw money from other people’s bank accounts.

Lootings

In November 2008 an international team of thieves stole USD 9 million from ATMs around the world using fake cards which took money from Worldpay.

In August 2011 an international team of thieves stole USD 13 million from ATMs around the world using fake cards which took money from FIS, which is a company that issues pre-paid debit cards.

In May 2016 thieves in Japan stole 1.4 billion yen from ATMs at 1,400 convenience stores

2013 $45-million ATM cyber looting

In December 2012 and February 2013, a cyber-ring of criminals, operating in more than 24 countries, stole $45 million from thousands of Automated Teller Machines (ATMs).Roughly $5 million was stolen around the world on December 21, 2012. Success led to expansion of the crime, when an additional $40 million was stolen on February 19, 2013

Fields

• What is ATM
• Security in ATM
• Types of ATM Robbery
• Analogue ATM Robbery
• Digital ATM Robbery
• ATM Robbery rate in world
• ATM Robbery rate in India
• ATM Robbery rate in Chennai

ATM

• A computer machine that permits bank customers to gain access to their accounts using magnetically encoded plastic card and a code number
• Any person with credit or debit card can access most ATM’s

Security of ATM

• If the ATM is moved the alarm is activated and if the ATM is cut into with a torch, saw, grinder tool or axe the alarm will be activated

Types of ATM Robbery

Analogue Robbery

• By using fingerprint of the account holder hacker can transfer the funds
• By making clone fingerprint

Digital Robbery

• Pictured here is what’s know as skimmer secretly swipe credit and debit card information when the customer slip the card into the machine and pulls out

ATM Robbery rate in the world

• With more than 1.5 million ATM machines around the world, most of us simply take our ATM cards for granted. Unfortunately, thieves know this and use it to their advantage so ATM theft is a big problem. In fact, as ATM banking technology advances so too do the thieves.
• In May 2016, a gang of thieves in Japan used credit card data stolen from South Africa’s Standard Bank to withdraw $13 million from 14,000 ATMs in all of three hours. The criminals are still at large. Ercan Findikoglu, a Turkish citizen, hacked into banks’ systems and even removed the withdrawal limits at ATMs .\
• He then used a global network of thieves to withdraw $55 million in three attempts between February 2011 and February 2013. One of them was caught in a New York diner with $1 million in cash, which finally led to Findikoglu’s capture and extradition

to the US in 2015. He was convicted in February this year.

• ATM theft, it appears, is this recession’s hottest crime. There were more than 100 instances of teller machine robberies in Texas alone in 2010. In San Diego, thieves have snatched or attempted to make off with ATMs 28 times in the past year. That’s up from 2 cases of the crime in the year before. In Atlanta, which has also seen a spike in ATM crime, as many as 35 machines have disappeared this year, up from 12 in 2009. “The suburbs are starting to see some ATM thefts, too,” says Archie Ezell, a supervising gang investigator in the Atlanta Police Department. “This is definitely a crime that has some legs.”

SOURCE :- Economic times

ATM Robbery in India

Instances of so-called smash-and-grab ATM theft is rising in many areas of the country.

India’s First ATM Card Fraud

• The Chennai City Police have busted an international gang involved in cyber crime, with the arrest of Deepak Prem Manwani (22), who was caught red-handed while breaking into an ATM in the city in June last, it is reliably learnt.
• The dimensions of the city cops’ achievement can be gauged from the fact that they have netted a man who is on the wanted list of the formidable FBI of the United States.
  At the time of his detention, he had with him Rs 7.5 lakh knocked off from two ATMs in T Nagar and Abiramipuram in the city. Prior to that, he had walked away with Rs 50,000 from an ATM in Mumbai.

ATM robberies: Karnataka tops list of southern states

• Karnataka has the most unsafe ATMs according to statistics released by the Union finance ministry.
• The latest statistics released by the finance ministry has revealed that Karnataka tops the list of south Indian states with poor security for ATMs.
• According to statistics, 13 ATM-related robberies have been registered in the last three years in the state.
  
  
  This is high compared to six registered by Andhra Pradesh, three cases by Tamil Nadu and one by Kerala.
  
  On the national scale, Karnataka stands third, while Jammu and Kashmir and Rajasthan top the list with 17 ATM robberies each, the next slot is occupied by Uttar Pradesh and Gujarat with 14 robberies each.
• “Statistics released by the finance ministry are based on what the banks have reported. In fact, the number of ATM-related robberies registered is higher than that disclosed by the ministry. Not only do we have cases of attempts to break open ATMs, but also that of the gigantic machines being stolen by organised gangs,” a senior police officer in Bangalore said. Lax security at the ATM centres is posing a potential threat to customers, particularly in isolated places, the official added.
• Stating that 139 robberies were reported from across the country, the finance ministry maintained that it has issued directives to all banks to enhance security around ATMs. While making it mandatory for all ATMs to be equipped with closed-circuit television cameras (CCTVs).

ATM Robbery in Chennai

• The greater Chennai metropolitan area, which is in Tamil Nadu state, contains approximately 10.2 million people, making it the fourth largest urban area in India.
• The Crime and Safety Report: Chennai 2015 claims that ATM card scams to clone card details and withdraw money increased in 2012 and 2013. However, it has declined in 2014. Police report that they have occasionally seized and confiscated counterfeit Indian currency. In addition, police have investigated incidents of counterfeit Indian currency used in ATMs. Theft of financial information, as well as identity theft, has become a significant concern.
• The case involving theft of Rs.20.7 lakh from an automated teller machine (ATM) in Thoraipakkam Chennai created a threat in 2009.

5 Common, Real ATM Theft Scams

1. The Lebanese Loop

Many thieves are using external devices to confiscate your card. In this scam, a blocking device (which can be as simple as some film glued to trap ATM cards), is inserted into the card slot of the ATM machine. Unwittingly, you place your card into the machine and enter your PIN. All the while, someone nearby may be watching you enter your PIN number.

A very common reaction is to go into the bank to report your confiscated card. Now the thieves jump into action. They remove the blocking device, along with your trapped ATM card and withdraw money from your account.

The way the scammers use the Lebanese Loop can vary. Often, once your ATM card is trapped, a “Good Samaritan” will show up and offer advice on how to get your card back. They may suggest that you enter your PIN number a couple of times.

They might also offer to hold the cancel button while you enter your PIN. What they’re really doing is memorizing your PIN number. They’re certainly not Samaritans at all!

2. Card Skimming

Skimmers are devices added to ATM machines to capture your card’s information, including your account number, balance, and PIN number. These devices, often mounted alongside a machine and labeled ‘card cleaners,’ are difficult to notice unless you’re looking for them.

You may also find card skimmers mounted beside the normal ATM card slot with a sign that says, “slide card here first.” Sometimes they are even mounted right on top of where you would normally enter your card. Skimmers can actually collect and store up to 200 ATM cards before they need to be removed by thieves.

3. Shoulder Surfing, Fake PIN Pads, and Even Fake Machines

Another way to glean your ATM PIN number is for thieves to mount a wireless video camera inside the ATM area. It can look as harmless as a brochure holder. Once the scammers have your number, magnetic strips are easy to make and thieves are able to easily reproduce ATM cards.

In addition to using cameras to collect PIN numbers, thieves have designed fake PIN pads that they place on top of the original ATM PIN pad. Unfortunately, with fake PIN pads, your ATM transaction will proceed normally and you won’t know a scammer has stolen anything until it’s too late.

Thieves have also taken to occasionally putting up fake ATM machines in and around shopping centers and other public locations. Upon placing your card into the card reader, these machines collect your ATM PIN and account information. They do not dispense cash. Rather, a screen comes up that says that the machine is out of money or out of order.

4. Cash Trapping

Similar to the Lebanese Loop where a thin sleeve traps your card, this time your cash is trapped by a sleeve or device slipped inside the cash dispenser. Your transaction will operate normally, but you won’t receive the cash you’ve withdrawn.

Chances are you’ll either walk or drive away assuming the machine is out of order or you’ll go inside the bank and report the incident. Either way, you have left the machine and the thieves can walk up, remove the device, and your cash.

5. Phishing

We mentioned above how easy it is for thieves to replicate ATM cards. All they need is a magnetic strip and a plastic card. Armed with an ATM card, all a would-be thief needs is a PIN number. Some email phishing scams have been designed to find out just that.

Representing your bank, a scammer can send you an email with a notice on it saying something about incomplete account information or that you need to update your account information. You click on the link and follow the directions but you’re not at your bank, you’re at a site designed to look like your bank by thieves. They collect your information and are free to replicate your ATM card or simply withdraw your money from your account via online banking.

While ATM theft isn’t going to go away, the Global ATM Security Alliance reports that just .0016% of all ATM transactions worldwide are affected by crime or fraud. Additionally, with a little bit of care and attention, you can avoid these scams and keep your money.

Few Tips That May Help, Protect Yourself From ATM Theft:

1. Get in the habit of using the same ATM machine for your transactions. Become familiar with it and be able to recognize changes to the machine.
2. Use ATM machines inside banks rather than on the street (where they’re easier for thieves to access).
3. If you’re visiting an unfamiliar ATM machine that is not inside a bank, examine it carefully for devices. Card or cash trapping devices need to be glued or taped to the card reader or cash dispenser. Look for ‘extra’ cameras beyond the basic and generally obvious ATM security camera.
4. Never rely on the help of strangers to retrieve a confiscated card.
5. Never use an ATM machine when other people are lingering.
6. Report confiscated cards immediately. If you can, don’t leave the machine. Instead call the bank from the ATM where your card was taken using a cell phone.
7. Don’t use ATM machines with extra signage or warnings posted on the machine.
8. Never follow a link in a supposed bank email notice. If you are wondering if your bank has really contacted you via email, then close the email and directly type your bank’s website address into your browser. Visit your account and look for update notices directly on your account or bank’s website. The email is almost always a phishing scam.