Technology fraud on ATM systems

Sanak nas

MAYNILA, PILIPINAS

OFFICE OF THE DEPUTY GOVERNOR SUPERVISION AN EXAMINATION SECTOR

CIRCULAR LETTER

TO : ALL BANKS

SUBJECT TECHNOLOGY FRAUD ON ATM SYSTEMS

individuals and/or syndicates. regarding technology fraud in ATM systems perpetrated by unscrupulous Piease be advised that there were incidents in other countries

These acts are carried out by using:

1. A specialized scanner attached to the ATM card slot, and;

2. A pinhoie camera.

number (P!N), card number, and other reievant information from the magnetic strip of the ATM card. The hidden pinhoie camera is used to capture the actual entry/input of the PIN into the ATM by the cardhoider. The captured The specialized scanner captures the stored personal identification

information frorn the specialized scanner is then copied into another ATM

ATM card and the captured PiN from the pinhole camera, the unscrupulous individuais then make unauthorized withdrawals from the ATMs. card, thereby producing a duplicate of the original card. Using the replicated

of their ATMs and check for any unusuai attachments to the machine and implement appropriate additionai internal controls. In this regard, banks are advised to conduct regular physical inspection

For information and guidance.

ALBERTO V(REYES

Deputy Governor

T Masu_.2003

MAG-IMPOK SA BANGKO