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FOREIGN EXCHANGE |
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| As of Jun-17-2013 |
| CURRENCY |
BUY |
SELL |
| US Dollar |
42.4000 |
43.0000 |
| Japanese Yen |
0.4282 |
0.4642 |
| Euro |
54.8900 |
58.5800 |
| Hong Kong Dollar |
5.2500 |
5.5800 |
| Bahrain Dinar |
107.1700 |
114.7800 |
| More |
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T - BILLS |
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Treasury Bills
Auction Date: 3 June 2013
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91-DAY
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182-DAY
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364-DAY
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High
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0.900%
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1.000%
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1.250%
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| Low |
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1.000%
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| Average |
0.900%
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1.000%
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1.250%
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Ave. Inc.(+)/Dec. (-) over the past week
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0.683% |
0.602%
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0.648%
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| ATM SECURITY < ONLINE BANKING SAFETY REMINDERS < ONLINE BANKING |
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ATM SECURITY
To our Valued Clients,
Automated Teller (AT) Cardholders are cautioned against fraudulent practices by unscrupulous persons or crime syndicates such as the following:
- The installation of a "skimmer" or a hidden camera near the Automated Teller Machine (ATM) that is intended to capture Cardholder Information; or,
- The insertion of a device in the ATM cash slot designed to trap the cash dispensed.
- A stranger (salisi modus operandi) will approach and tell you that the ATM is not working properly. He will offer assistance to complete your transaction but instead, will copy the details of your card and watch as you enter the PIN so that he can replicate the card and do fraudulent transactions. He may also switch your card for another card.
For your protection, please be aware of the following:
- Any suspicious objects or persons near the ATM or inside the ATM booth.
- Difficulty in retrieving cash dispensed from the ATM.
- Do not entertain offers of assistance from strangers when you are performing transactions. Cover the PIN pad with your hand and make sure that no one is looking over your shoulder.
- E-mail, text and phone scams, phony websites and other deceptive methods of extracting sensitive personal information such as impersonating bank or credit card company personnel to lure people to reveal passwords and account numbers.
If you experienced any of the above mentioned incidents or if your card is lost, stolen or captured, immediately report the matter to the Bank Branch concerned or call our Customer Service Hotline at Tel. No. 819-0585 during office hours and Tel. No. 816-3311 Local 529 after office hours. You can likewise email us at info@alliedbank.com.ph or via the menu option "Contact Us" at www.alliedbank.com.ph
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Transacting thru the ATM is a convenient, safe and fast way to get cash from your account. Just be sure to keep in mind the following security tips:
ATM Selection
- Use ATMs that you are familiar with or in well-lit locations where you feel comfortable transacting. If the machine is poorly lit or is in a hidden area, use another ATM.
- Identify an ATM with natural surveillance and visibility from surrounding areas. This will create a perceived notion that criminals will be easily detected and it increases the potential for witnesses.
- Whenever possible, select an ATM that is being patrolled and/or there is a security personnel/guard assigned.
- Do not use ATM that appears to be tampered or otherwise altered. Report such condition to the bank [immediately].
Prior To, During, and After the ATM Transactions
- Have your card ready before approaching the ATM. Avoid having to go through your wallet or purse to find the card.
- Look around for any suspicious person before entering the ATM area and then, lock the door, if any. If you notice anything strange, leave and return some other time. If you have already started a transaction, cancel it and leave.
- Be mindful of "shoulder surfers" when using the ATM. Stand close to the ATM and shield the keypad with your hand when keying in the PIN and transaction amount.
- Maintain awareness of your surrounding throughout the transaction. Do not become so involved with your transaction that you are unaware of changing conditions in the area.
- If the ATM is not working correctly, cancel your transaction and use a different ATM. If possible, report the problem to the bank.
- Never accept offers of assistance from strangers; ask or call the bank for help.
- Immediately, carefully secure your card and cash in your wallet, handbag, or pocket before leaving the ATM.
- Make sure you get the transaction receipt. Do not throw receipt away from the ATM site.
- When leaving an ATM location, make sure that you are not being followed. If you are being followed, drive or run immediately to a police station, crowded area, well-lighted location, or open businesses. Flash your lights and sound your horn to bring attention to your situation.
- If you are involved in a confrontation wherein the attacker is armed with a weapon and demands for your money or valuables, GIVE IT TO THE SUSPECT. Do not resist, property may be recovered later or replaced.
ATM Fraud Preventions
- Activate your ATM card and sign the signature panel as soon as you received it.
- Memorize your ATM personal identification number (PIN) and never disclose it to anyone. Do not keep those numbers or password in your wallet or purse. Never write it on the card itself and avoid using easily available personal information like birthday, nickname, mother's maiden name or consecutive numbers.
- Protect your ATM cards as if they were cash and never lend your card to anyone. You are responsible for its use.
- Always reconcile/check your transactions with your monthly statement of account. It is the best way to guard your account against fraudulent transactions and makes record keeping easier.
- Do not let other people use your card. If you believe your ATM card is lost or stolen, report the incident immediately to the bank.
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The proliferation of fraud and crimes committed in the ATMs have surfaced anew and become more sophisticated and the perpetrators bolder than before. The most common is the so-called cash trapping perpetrated by the notorious group called Ruler Gang. They were given that name because of the device they use in trapping the cash that looks like a ruler. In the U.S., the device is called the False ATM Presenter.
How cash trapping works:
A member of the gang will install a specially fabricated "ruler" device onto the cash out shutter of the ATM and leaves it there. This device looks exactly like the cash out shutter of the machine. When an unsuspecting cardholder tries to withdraw, the cash will be trapped inside (it is actually glued at the back of the device), After a while, the cardholder, thinking there is something wrong with the machine or with his/her transaction, will leave frustrated and disappointed. Thereafter, the gang will remove the device with the cash still glued on it using their special prying tool.
Another type of ATM fraud is called the Salisi Gang aka Ipit Gang or Laglag Barya Gang. This is fairly common during paydays when there is a long line of cardholders at the ATM.
How the salisi gang works:
When the cash being withdrawn is about to be dispensed by the ATM, a member of the gang will drop several loose bills and then point to the unsuspecting cardholder for help. Once the cardholder tries to pick up the bills, another gang member will immediately get the cash waiting at the cash out shutter and then disappear out of sight as fast as he can. It will be too late when the cardholder realizes what actually happened when he/she tries to get the money being withdrawn.
Another version of this:
When the cardholder is about to retrieve his/her ATM card right after withdrawal, one of the gang members will cut-off, get the card coming out of the card slot, and replace it with a similar looking card. All of these will happen in just a split second. The unsuspecting cardholder, without realizing what had just happened, will get his/her 'card' and immediately leave. The gang member, who had already seen the PIN during withdrawal, will then use the stolen card in other ATMs and try to withdraw the remaining balance before the card is reported as 'stolen'.
"May I Help You?" is another ATM fraud employed by notorious elements preying on the elderly and those new in having an ATM card. Once these perpetrators spotted one, they will appear to be very helpful and offer assistance to the unsuspecting cardholder but in truth, these perpetrators are already memorizing the card number and PIN. With the card number and PIN, the gang can easily transfer the funds to their own bank account using the internet or mobile phone or a clone ATM card.
There are other fraud and crimes committed in the ATM because of the fact that it is where the money is. Listed below are other fraud and crimes, although not as popular as those discussed above, which are committed at the ATMs:
- Card skimming: This is done by using a card reader that can capture the data in the magnetic strip of a card. One bold move done by these criminals includes installing a card reader right on top of the ATM's card slot. With this device, once a card is inserted, data will automatically be captured. Such card readers, measuring 1" x 1" are being sold in the internet for a very low price and with complete instructions. This scheme, though, is more popular in credit cards because the 'take' is higher compared to ATM cards.
- Shoulder surfing: This is literally looking over the shoulder of the cardholder to see the PIN as it is being keyed in. This compromises the PIN of the cardholder without his/her knowledge. There is a high-tech, knowledgeable group which is popular in the internet that installs small cameras to see the actual PIN being keyed-in by the cardholder.
- Eavesdropping: This is similar to the scheme above although this time, the PIN is determined by the culprit thru deciphering the tone denoting a particular number with each press of the keypad.
- Fake PIN Pad Overlay: A device similar to the machine's keypad is placed right on top of the ATM keypad and captures the PIN entered by the cardholder.
- Forced Withdrawal: This is when the cardholder is being held up and coerced to do ATM withdrawal against his/her will.
- Hold-Ups: A scheme that is similar in a way to the one above but here, the cardholder is held-up at gunpoint or with a knife by a hold-upper after withdrawing from the ATM.
- White-Label Cards: These are the common blank white cards with a magnetic strip at the back and a 4-digit number at the front. Recently, these cards now come in different colors, designs and brands like the T-mobile and other European telcos. These cards are allegedly stolen and/or acquired illegally and re-programmed to contain bank account information and enable the perpetrators to withdraw cash from the ATMs. Although most of these cards are captured by the machine, there are reported incidents where the perpetrators succeeded and defrauded some banks in Europe.
Now that you know the different types of ATM fraud and crimes, it will be easy for you to detect and to take immediate remedial action.
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- Do treat your credit, debit, access, control, identification or ATM card as though it were an important document. It certainly is!
- Do not write your PIN (secret number) on your card or keep it near your card. This makes it easier for criminals to steal your valuables. Do not give your PIN to any person. It is for use only on keyboard such as at your ATM or at a point of sale terminal (POS).
- Do not give your account number (or employee number, security clearance etc.) to a stranger, especially over the telephone.
- Do not give your card to a stranger. Even qualified merchants, security personnel and the like only need to look at your card briefly. Keep it in sight at all times.
- Whenever possible, do keep your card in a protective sleeve. A sleeve will protect the magnetic stripe, the signature panel, the embossing, integrated circuit, photograph, hologram, or other visual data. If you do not have a sleeve, ask your bank or card supplier for one.
- Do not place your card near a magnet. Handbags and pocketbooks sometimes have magnetic catches and even some tools are magnetized. Refrigerator magnets can erase many magnetic cards.
- Do not allow the stripe of one card to touch the stripe on another card. This could erase the data on the stripes.
- Do protect your card from static electricity such as when you walk on a carpeted floor in low-humidity weather. A static discharge can affect a magnetic stripe or integrated circuit (an electronic component) within a card.
- Do not expose your card to extremes of hot and cold. This may cause cards to melt, warp or crack. Do not leave a card in the sunlight, especially in warm weather.
- Do not place your card unprotected in your pocket. Keys, coins, etc. can scratch the magnetic stripe and other features on your card.
- Do not use your card as a scraper. This can scratch or break your card. Do not bend your card excessively. This may break your card or shorten its life.
- Rain, water, food, drink, perspiration etc. will normally not hurt a magnetic stripe. Do use a soft moist cloth to immediately remove any contamination.
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