Beware the nasty ATM scam in the Philippines

The culprit seems to be an international organized crime network.

According to Philippine Daily Inquirer, the Philippine bank officials revealed details of a massive “card-skimming” operation that they said was first observed in 2011 and had gradually peaked toward the end of 2012.

The ATM networks Expressnet, Megalink and Bancnet have already started working together late last year to fight the scam.

The syndicate is said to carry out the scam by installing card readers on ATM machines and cameras on top to record the customer's PIN. In no time, they can duplicate the card and withdraw the money from the client's account.

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