The European ATM Security Team issued a warning that skimming attacks on ATMs have intensified. The USA remains the top location for such losses, followed by the Dominican Republic, Brazil and Mexico. The number of events involving cash trapping techniques seems to have increased, reports EAST. Citizens are advised to exercise extreme caution, especially against fake ATMs or card skimmers. Cards having only a magnetic strip and no chip are extremely easy to counterfeit, and unsuspecting victims might end up with cashed-out bank accounts.”]

