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Is your hard-earned money safe in banks? Think again

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GUWAHATI, Nov 18: If you believe that your hard-earned money is absolutely safe in banks you might be wrong, at least after knowing what some account holders are going through in Tripura.

Cyber criminals, suspected to be from Turkey, are believed to be behind the disappearance of money amounting to several lakhs from many bank accounts in Tripura.

The modus operandi, police sources said, was by installing ATM cloning devices in various ATMs in Agartala.

Over 60 account holders, mostly maintaining accounts with the State Bank of India (SBI), have reported disappearance of money from their accounts.

SBI has, in the wake of the siphoning of money from ATMs in Tripura, “blocked a number of ATM cards of its customers as a precautionary measure”.

“This is for the general information of the general public that SBI has blocked a number of ATM cards of its customers as a precautionary measure. There are reasons to believe that data relating to these cards might have been compromised to some miscreants. Our customers are requested not to panic in this regard. In the event of any financial loss due to ‘card cloning’, customers are advised to visit respective branches. The SBI is committed to the protection of its valued customers,” a statement issued by SBI stated.

Statement issued by SBI following the disappearance of money from several accounts in Tripura.

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Incidentally, the developments in Tripura have left SBI account holders in Assam worried with people expressing anger at cyber criminals targeting their hard-earned money.

“There had been reports of ATM hackers installing cloning devices in ATMs in Guwahati as well. Two Turkish nationals were even arrested for their involvement in siphoning money from ATMs using unethical means. This means that even banks are not safe,” a Guwahati resident, who did not want him to be identified, told News Live.

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