RBI, Pressing Cancel Twice On An ATM Prevent PIN Theft is fake

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Brief Outline: Message from RBI, A very useful tip while withdrawing funds from an ATM. - Press ‘cancel’ button twice before inserting the card, this will cancel that set up.
Facts Check: Fake

What is Viral? 

*Message from RBI*
- A very useful tip while withdrawing funds from an ATM.
- Press ‘cancel’ button twice before inserting the card. If anyone has set up the key pad to steal your PIN code, this will cancel that set up.
Please make it a habit and part of every transaction that you make.

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Facts Check Analysis: A viral message on the social media claiming if someone presses the cancel button twice on a ATM Machine, this would prevent someone stealing your ATM Pin number, this is a false message being shared on the social media.

The message claims to be from RBI.

There are no reports from any RBI or government notification of any such over the years and even the ATM manual never says something like this is true. ATM functions depend entirely on the Banks, RBI has no role in it

As per snopes, the most common methods for capturing account information and PINs via compromised ATMs are:

1) The installation of a false front on an ATM.

2) The installation of a card “skimmer”, a device attached to a card reader slot which copies information).

3) The installation of a “Lebanese loop” (i.e., a small plastic device with a barb that holds a card back in the machine).

4) The installation of an overlay on top of the numeric ATM pad to capture PINs.

5) The installation of hidden cameras to record user keystrokes (including the entry of PINs).

There is no mention of hitting the clear button twice.




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