An article relating to this blog post on Finextra:
UAE banks hit by surge in ATM fraud
Banks across the United Arab Emirates (UAE) are sending customers text messages urging them to change their PIN numbers following a surge in fraudulent ATM withdrawals made abroad.
See article
I agree with
Marite Ferrero's comments but I also think this is a tough one simply because fraudsters - being fraudsters - will find a way anyway.
However, that is not to say nothing should be done. A lot of prepaid card companies already have a
block/unblock option which allows cardholders to block/unblock their card using a secure code/PIN and their mobile phone.
So the systems do exist already - it’s just a case of ensuring that banks are willing to integrate the functionality into their existing platforms and are not simply going to pass on massive costs to consumers or make it rather inconvenient for them to do
so as carrying plastic is as much about convenience as it is about security and perhaps, overspend!