Chennai

Tamil Nadu tops in value of banking crimes this year

Tamil Nadu has the dubious distinction of topping in terms of value of banking-related crimes so far this financial year, data presented on the last day of the monsoon session of Parliament revealed.

For the period April-June 2018, the amount involved in incidents of robbery/dacoity/burglary/theft in Tamil Nadu is ₹8.24 crore, according to data sourced from Reserve Bank of India and presented in Parliament.

The data was presented by Shiv Pratap Shukla, Minister of State for Finance, in reply to a question on ATM robberies. The Minister said specific data on incidents of ATM robberies was not available and went on to present data on robbery/dacoity/burglary/theft.

Interestingly, only 7 incidents were reported in Tamil Nadu, but the value was higher when compared to other states.

This amount so far this year is also the highest for Tamil Nadu when compared to the last three years.

In April, police had arrested two persons found tampering with the ATM on Gandhi Road in Tambaram. They were planting a skimmer device. The device is capable of capturing card details, including the PIN, through a sensor panel when a customer uses one.

In July, the Anna Square police had nabbed two persons who adopted a novel modus operandi to steal money from older ATMs across the city.

The accused had inserted a small metal pin near the number ‘0’ on the keypad to disable it. They would figure out the PIN when the customer repeatedly tried to key it in after swiping his card. Once the customer left, the duo would remove the pin to release the keypad. If the transaction in the ATM had not been ‘timed out’ by then, they would key in the PIN and withdraw money from the customer’s account.

Mr. Shukla said that RBI had advised banks from time to time to enhance security measures at their branches and ATMs and the government had also instructed banks to comply with the timelines prescribed by the RBI for upgradation of ATM software.

Article source: https://www.thehindu.com/news/cities/chennai/tamil-nadu-tops-in-value-of-banking-crimes-this-year/article24660934.ece

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