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Public warned over new ATM scam
By Doris Dumlao

Philippine Daily Inquirer
First Posted 20:42:00 06/24/2009


MANILA, Philippines â€" The Bankers Association of the Philippines reminded the public to be more careful when using of automated teller machines (ATM), after the a new scam was uncovered.

The scam involves capturing the stored personal identification number (PIN), card number, and other relevant information by skimming the magnetic strip of the ATM card using a specialized scanner. The captured information is then copied to produce a duplicate ATM card, allowing the scammers to make withdrawals without the card holder's knowledge.

The call for added vigilance was triggered by a recent case of ATM fraud in the United Arab Emirates.

I remember in high school we had a philosophy with modern man class and we discussed what it would be like if we just had our ID and numbers embedded near to our wrist.

We discussed what purposes this could serve for it could be used for many purposes such as credit card, drivers license, and other things in life that we need to use ID and account numbers for.

It would be like some sort of a chip embedded and in order for it to be used you would scan your arm under a detector that could read it.

Is that we we are aiming for if this kind of thing keeps on happening?

This world is getting very spooky out there indeed.