There is a global surge in financial, electronic (ATM) fraud and this ugly phenomenon is increasingly becoming very sophisticated. In their bid to swindle unsuspecting victims, Criminals are upping their ante, in many occasions, deploying a mix of social engineering and reverse-engineering to circumvent security/safety measures deployed by financial institutions. Interestingly, insiders- bank staffers (Management, Cashiers, IT guys, Security Officers) are sometimes complicit in growing financial/electronic frauds. As will be gleaned from the ensuing part of this treatise, despite a global notoriety for 419 and fraud buoyed by bad Press, the Nigerian elements of this ignoble trade are pretty much dilettantes. This essay is an attempt to x-ray the escalating trend in financial, electronic (ATM) fraud and to proffer solutions to forestall such incidents.

Please read the full article here: http://voices.yahoo.com/hints-avert-escalating-financial-electronic-atm-12358930.html

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