Stay vigilant against ATM and eWallet fraud :: Mmegi Online

In the current digital age, the fraud protection technology has to evolve with the fintech platforms created for our convenience. This causes fraudsters to become more creative and dubious in the ways they try to steal people’s money.

ATM Fraud through eWallet transactions is a growing concern as fraudsters use this simple but harmful way to take money from eWallet accounts. Though the perception is that those who are not tech-savvy are more vulnerable to these types of fraud, this has proved not to be the case. Regardless of whether you are tech-savvy or not, it’s important to learn how to better protect yourself and those closest to you.

One example of this type of ATM fraud is when the fraudster claims an ATM isn’t working. Here is the scenario. When you arrive at the ATM the fraudster will claim that it doesn’t work but then asks you to try it.

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