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Reserve bank issues alert against ATM and credit card scams

More than 500 credit and debit cardholders were affected in a significant and carefully orchestrated ATM skimming incident last December. According to the Financial Intelligence Unit (FIU), numerous cases have been brought to their attention involving foreign nationals who have obtained customers’ bank card details by fraudulent means using ATM and EFTPOS skimming devices. The […]

Newsroom

February 18, 2016 9:27 pm

More than 500 credit and debit cardholders were affected in a significant and carefully orchestrated ATM skimming incident last December.

According to the Financial Intelligence Unit (FIU), numerous cases have been brought to their attention involving foreign nationals who have obtained customers’ bank card details by fraudulent means using ATM and EFTPOS skimming devices.

The Director of FIU, Mr Razim Buksh said that they had noted an increase in the number of skimming cases since June 2015. An attempt to conduct ATM skimming in January 2016 was successfully foiled.

Several people have been charged by the Fiji Police Force and investigations are continuing. Fiji’s first skimming device case was detected in 2003.

Mr Buksh said that the FIU is assisting the Fiji Police Force in their investigations and is working closely with the Association of Banks in Fiji (ABIF) to ensure that necessary measures are in place to be able to detect and prevent future incidents from occurring.

The FIU would like to advise cardholders to exercise caution and care when using their cards at ATM and EFTPOS machines, when they access their bank accounts online and when conducting on-line purchases or payments. ardholders must take heed of advisories issued by the ABIF, individual commercial banks in Fiji and the Consumer Council of Fiji.

Customers whose cards were used for unauthorised transactions should immediately contact their bank. The Reserve Bank of Fiji is also working closely with the commercial banks and a number of measures have been introduced to ensure safety and protection of customers and their funds.

Cardholders must take heed of advisories issued by the ABIF, individual commercial banks in Fiji and the Consumer Council of Fiji. Customers whose cards were used for unauthorised transactions should immediately contact their bank.

The Reserve Bank of Fiji said it is working closely with the commercial banks, and some measures have been introduced to ensure safety and protection of customers and their funds

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