New Delhi, August 27: In order to curb the menace of rising ATM frauds, the Delhi State-Level Bankers' Committee (SLBC) has suggested few measures, including a gap of six to twelve hours between two transactions. This plan was discussed during an 18-bank representative meet up last week, according to a Times of India report. ATM Fraud Cases Rise: Mumbai Tops With 233 And Delhi at Second With 179 Incidents, Reveals RBI Data For 2018-19.

Some of the other measures proposed in the meeting were- OTP can be sent to alert account holders in case of unauthorised attempts to withdraw money. In addition to the above, a centralised monitoring system for ATMs has also been suggested.

In the centralised monitoring system with two-way communication, if a person walks into the ATM with a helmet, the voice on the other side will tell him to remove it.  Reportedly, the centralized monitoring system is already implemented in OBC Bank, State Bank of India, PNB, IDBI Bank and Canara Bank.

There has been a tremendous rise in ATM fraud cases in the country. According to data revealed by Reserve Bank of India, in 2018-19, the total number of ATM fraud cases increased from  911 to 980. Mumbai tops the list with 233 cases and Delhi is at the second spot with 179 cases.

Online frauds are a huge concern as people are losing their hard-earned money in the hands of these crooks every day, who are devising new strategies to dupe people. The most common trick in the ATM fraud case is-installing skimmer devices on ATMs and point-of-sale machines, which are used to copy data from the cards.

(The above story first appeared on LatestLY on Aug 27, 2019 11:10 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).