Skimming and ATM Data Theft

Skimming is a method used to capture information from a cardholder by the by identity thieves through Skimmer. A skimmer is a device designed to look like a card insertion slot at an ATM and is used for undertaking data thefts. How does Data theft happen? The skimmers cannot be usually spotted by an untrained ..

Topics: ATM • ATM fraud • Data theft • Skimmer • Skimming

SBI launches cardless ATM withdrawal with YONO Cash

India’s largest Bank State Bank of India (SBI) has announced the launch of YONO Cash through which customers can withdraw money from ATMs without using a card. How does the Cardless Cash Withdrawal work? This Cardless Cash Withdrawal process works with two-factor authentication and eliminates the risk of skimming and cloning. The customers have to set ..

Month: Current Affairs - March, 2019

Category: Economy & Banking Current Affairs

Topics: Cardless Cash Withdrawal • Cloning • SBI • Skimming • YONO Cash • Yono Cash Point