This is a wake up call to ATM service providers in Nigeria and Africa in general.
Cybercriminals and Offline gangs are now using skimming devices to steal ATM card details of individuals and using it to milk such victims dry without such individuals knowing.
See the video man gets busted by police installing ‘skimming’ device to ATM
Many folks out there may not be aware that it is possible for their funds to be stolen electronically by stealing it from you at the ATM.
This process is called “skimming,” and it involves installing a card reader and a camera on the ATM. The card reader gets the information on the magnetic stripe on the back of your card, and the camera watches what you enter for a PIN and transmits the information wirelessly to the thieves.
So when next you are using an ATM machine, it will be a good idea to keep an eye out for these devices.
You may ask how do I know what to look for?
To answer that I will present you with a plethora of resources.
First see a guide on spotting a skimmer. It’s a brief PDF from Consumerist.
See how to id an ATM Skimmer in consumerist here photos of skimming devices are also included.
Here’s a link to download a pdf on what a skimmer looks like
Below is a suggestion on how to put a stop to it by a reader on consumerist