Don’t be a Victim of ATM Theft with PNB’s ATMSafe

With the recent news of widespread ATM scams across the country, securing your ATM card has never been this necessary. As reported by various media outlets, hundreds of millions of pesos have already been lost in cases of card skimming or the duplications of cards and acquisition of Personal Identification Numbers (PIN) of unsuspecting ATM cardholders.

Skimming is usually done by placing a device that reads a cardholder’s information over the ATM card slot. This device is often paired with a hidden miniature camera that reads the user’s PIN. Once the card has been skimmed, the perpetrators can now create a fake ATM card and make unauthorized withdrawals and transactions on the cardholder’s account.

The Philippine National Bank (PNB), in partnership with the Global Benefits Group (GBG), PNB General Insurance Co., Inc. (PNB Gen) and Allied Bankers Insurance Corp. (ABIC), has come up with a viable solution to this rampant dilemma. ATMSafe is PNB’s answer to the country’s mounting ATM theft problem. This innovative insurance product is the first in the Philippines that secures and protects ATM cardholders and their accounts.

For only Php 12.00 per month, ATMSafe replaces money stolen from a cardholder’s account as a result of skimming or any of the other forms of ATM theft scams. ATMSafe also ensures the safety of PNB ATM cardholders as it restores money stolen during an ATM robbery – up to Php 50,000 for a maximum of three (3) incidents per year.

As part of its campaign, PNB has launched the Panalo ang Protektado promo that entitles customers with raffle points earned per enrollment in the Bank’s ATMSafe program from September 1 to November 30, 2014. Four (4) lucky winners will receive a brand new Yamaha Fino Classic Motorcycle (one each for NCR, Luzon, Visayas, and Mindanao), three (3) winners will receive an iPad Mini 16GB WiFi, ten (10) winners will receive Nokia Lumia 520 phones, and fifty (50) winners will receive Php 300 worth of Sodexo Gift Certificates. The winners will be electronically drawn on December 14, 2014.

Open a PNB ATM Account today and avail of PNB’s ATMSafe by visiting any PNB branch near you. You can also avail of this revolutionary program via selected PNB ATM terminals nationwide. For more details about ATMSafe and the promo, log on to www.pnb.com.ph or call the PNB Customer Care at 573-8888.

With ATMSafe, you won’t be a victim anymore. Stay safe, be ATMSafe.

PNB Relocates Branch to New Home in Bangoy

(From left): EVP Joven Hernandez, PNB Retail Banking Group Head; Ms. Luz Pereyras, President of R.O. Tesoro & Sons, Inc.; Ms. Ma. Isabel Y. Tan of Techno Trade Resources, Inc.; Ms. Cielito S. Avanceña; and VP Elmer Monsale, PNB Region Head of Eastern Mindanao

As a testament to the Bank’s commitment to reach out to more clients, the Philippine National Bank (PNB) relocated the Bangoy Branch to its new home at Roman Paula Building, C. Bangoy St., Davao City last July 31, 2014. With this recent move, PNB is now more visible and accessible to the growing number of clients in the Bangoy area.

Bangoy is located at the heart of Davao City and is known for its schools and surrounding businesses. It also serves as one of the City’s top destinations that is very accessible for tourists, migrants, and Davaweños. The recent branch relocation complements the growing demands of the Bangoy community for a convenient banking experience and certainly enables PNB to provide innovative banking solutions to Bangoy’s wider customer base.

PNB continuously expands its branch network throughout the country with 656 branches and 854 ATMs nationwide. With a broader distribution network, the new PNB is now in a stronger position to serve its clients’ interests better.

Hackers use text messaging to make ATMs dispense cash

We’ve seen different ways of how hackers gain control of an ATM to steal money in the past, but Symantec’s blog post reports of a recent method to make ATMs dispense cash and it just involves a text message. They added that one of the main reasons ATMs are easily hacked is because of the use of an outdated Microsoft XP.

ATM_blog_infographic_fig1

According to the post, there’s a 3-step process before the ATM starts spewing cash:

First is when hackers install a Trojan virus called Backdoor.Ploutus.B (referred to simply as Ploutus) unto the computer of the ATM via USB tethering.

When a full two-way connectivity is established, specific SMS command messages from a second phone far away are then sent to the tethered phone. The phone receives the message with the required format and converts it into a network packet, then forwards it to the ATM’s computer through the USB cable.

The embedded Ploutus in the computer starts up and basically commands the ATM to begin dispensing cash, just about the same time an accomplice goes to the ATM to ‘withdraw’ money.

Symantec pointed out a couple of factors that could make ATMs vulnerable to these attacks and one of the main reasons is the present use of an outdated Windows XP. They advised the owners to upgrade to the latest operating system not just for features, but also for security.

To go into the detailed process of how the whole operation is done, head over to Symantec’s blog on the source link.

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Smart’s LockByMobile avoids ATM, credit card fraud

In addition to the shift to EMV-based ATM cards, Smart e-Money has just announced LockByMobile that aims to protect ATM and credit card holders from being tricked into paying bills they shouldn’t pay.

credit card

LockByMobile is a new mobile service that lets users block and unblock the use of funds in their cards just from the convenience of their mobile devices. For example, one can block ATM withdrawals, over-the-counter or point-of-sale purchase, or online transactions to prevent other people from using their card without the owner’s knowledge. The whole idea is so that you only unblock it only if you’re going to use it.

“Based on the Smart Money mobile payments platform, the solution can be made available to payment cards issued by banks worldwide through mobile phones provided by any operator,” explained Orlando Vea, Smart e-Money president and CEO. “It can be applied using smartphones or feature phones,” he added.

If the card has been used without consent, the owner will be notified through the mobile device and the unauthorized transaction would not push through.

Banks and mobile operators can now implement this service to provide a better peace of mind to their payment card users.

{Source}

The post Smart’s LockByMobile avoids ATM, credit card fraud appeared first on YugaTech | Philippines, Tech News & Reviews.

Smart’s LockByMobile avoids ATM, credit card fraud

In addition to the shift to EMV-based ATM cards, Smart e-Money has just announced LockByMobile that aims to protect ATM and credit card holders from being tricked into paying bills they shouldn’t pay.

credit card

LockByMobile is a new mobile service that lets users block and unblock the use of funds in their cards just from the convenience of their mobile devices. For example, one can block ATM withdrawals, over-the-counter or point-of-sale purchase, or online transactions to prevent other people from using their card without the owner’s knowledge. The whole idea is so that you only unblock it only if you’re going to use it.

“Based on the Smart Money mobile payments platform, the solution can be made available to payment cards issued by banks worldwide through mobile phones provided by any operator,” explained Orlando Vea, Smart e-Money president and CEO. “It can be applied using smartphones or feature phones,” he added.

If the card has been used without consent, the owner will be notified through the mobile device and the unauthorized transaction would not push through.

Banks and mobile operators can now implement this service to provide a better peace of mind to their payment card users.

{Source}

The post Smart’s LockByMobile avoids ATM, credit card fraud appeared first on YugaTech | Philippines, Tech News & Reviews.