Exploratory Narrative - Essay Example

Can we all become victim of ATM fraud? I have come across many stories about ATM fraud that have made headlines in local newspapers and I am very much concerned that I can also become victim of this crime. ATM frauds have becoming popular amongst thieves who use different tools and methods for collecting debit card information and then using this information to fraudulently withdraw cash from someone’s bank account. Thieves use a device referred to as skimmers which can be placed undetectably to gather information from the magnetic strip at the back of the debit card and then they use this information to withdraw cash from ATM machines.

They even use hidden cameras to see pin numbers as they are typed in by cardholders and then later on they steal wallets and withdraw cash from ATM machines (Safdar). The ease of robbing others is making this crime popular amongst individuals with criminal minds and intentions. This crime is on the rise and the loss of wealth can be significant if this crime goes undetected. I therefore strongly feel that we can all become the next target of such criminals.I feel that this crime must be stopped by card issuing companies by changing the design of information storage on cards, which is possible if they use small chips for storing information.

Moreover, on individual basis we can take certain precautions to prevent criminals from getting access to our private information. When using the cash machine I will surely look out for any signs of glue, hidden cameras, and even cover my hand when I type in my pin code. Only this way I can avoid being robbed and loose my hard earned money.Works CitedSafdar, Khadeeja. ATM Skimming Is On The Rise, Secret Service Says . 27 July 2012. [Web]. 7 October 2012. .