Chip-based ATM card hacked in rare case, woman loses â¹40,700
The Mumbai Police is investigating a cyberfraud where a woman lost â¹40,700 after her ATM chip-card was cloned and money was withdrawn. The police said that chip-card fraud is a rare occurrence as most of the debit card cloning cases are of magnetic stripe cards. However, the private bank refunded her money as the woman was not at fault.