In July 2018 fraudsters hacked into Canara bank ATM servers and wiped off nearly 20 lakh rupees from totally different bank accounts. The variety of victims was over 50 and it was believed that they had been holding the account particulars of greater than 300 ATM customers throughout India.

The hackers used skimming units on ATMs to steal the data of debit card holders and made a minimal transaction of INR 10,000 and the utmost of INR 40,000 per account.

The incident apparently involving a big scale bank fraud got here to mild earlier this week after greater than 30 individuals approached the town police with complaints that quantities starting from Rs 4,000 to Rs 40,000 have been debited from their bank accounts, fuelling suspicion that they’d fallen sufferer to skimming units planted on some ATM machines within the metropolis.

canara bank ATM hacked

Police mentioned they’ve acquired a lot of complaints at some police stations within the southern components of the town and are probing whether or not it’s a case of hacking of the bank’s server machine.

“We received close to 50 complaints regarding fraudulent withdrawal of money from bank accounts. It needs to be identified whether all the people who lost their money used ATMs. We are also talking to the Canara Bank authorities to check whether their main server was hacked,” a senior officer of Kolkata Police added.

On 5 August 2018, two males had been arrested in New Delhi who was working with a world gang that makes use of skimming actions to extract the small print of checking account.

Prevention: Enhancement of the safety features in ATM and ATM monitoring programs can forestall any misuse of information.

Another method to forestall the fraudulent exercise is to reduce the chance of skimming by utilizing lockbox companies to obtain and switch cash safely.

This makes use of an encrypted code which is safer than some other funds.

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