Busted: Bankers and The Global Economy

December 15, 2007

British find ATMs Insecure

Filed under: banking, money, security — Tags: , , , , , , , , , , — digitaleconomy @ 12:20 pm

Shoppers at the Shell petrol station told us they will never use their bank cards to pay for fuel again, after witnessing the chaos caused to friends who have had bank accounts plundered by fraudsters. Outdoor ATMs are strangely quiet, while inside banks there are queues of customers taking out cash.

The Guardian 12/15/07

britishbanking.jpgLetchworth has a population of 33,000, but virtually everyone we spoke to in the town centre this week said they had either been the victim of bank card fraud – or they knew of someone who has had money illegally taken from their bank account. Usually the illegal withdrawals take place in Australia. Several residents said they no longer trusted the security measures to protect their money and were now only using cash. Almost all said they would no longer use cash machines unless they were inside the bank.

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