Reports are appearing in the newspapers and media almost everyday about the hacking of the ATMs and cheating of crores of rupees by cyber thieves. Of course, the banks may refund the money stolen, but it will be only in the cases, where they are reported/complained. What about the depositors who have not checked or do not know to check?
ATMs are convenient. But it is also charged after certain withdrawals or are charged when withdrawn from the ATM of another bank. The Banks are getting benefitted by ATMs, since the staff can be reduced and they will get the ATM usage charge.
It is the responsibility of the Bank Managements that the ATMs are made safe to the extent possible. The saying that “Thieves are always far ahead of the Police” may be true,. But the Police have to improve fast to catch the thief.