Many Moroccans have said they were victims of electronic money fraud in recent weeks.
Rabat – Morocco’s central bank, Bank Al-Maghrib, has warned all banks to take precautionary steps because of an imminent risk of electronic money fraud by a method called “skimming.”
The General Directorate of National Security (DGSN) informed the bank of the risk.
The central bank demanded that all take measures to avoid the occurrence of the crime.
DGSN asked victims or witnesses of such operations to inform the nearest police station immediately.
Criminals achieve fraud through “skimming” by hiding a camera and an electronic sensor in Automated Teller Machines (ATMs). The device hacks the electronic banking data of the targeted ATM users, while the camera records their Personal Identification Number (PIN).
The fraudsters then encode the stolen data into blank magnetic strip cards and use them to make fraudulent withdrawals.
Police in Marrakech intercepted several “skimming” devices installed on ATMs of certain banks between December 13 and December 15.
Many social media users have also shared videos showing the devices in several Moroccan cities.
Moroccan tech-specialist, Amine Raghib, also made a video explaining how “skimming” works and how to prevent it. The blogger urged everyone to always try to shake the device where they input their cards into the ATM to see if it is fake. He recommended that ATM users check if there are any cameras installed in the corners of the machine as well.