Traditional methods of ATM/credit card fraud were largely successful due to the lack of computerized databases and lax security measures.

Question

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Traditional methods of ATM/credit card fraud, such as skimming, cloning, and phishing, were easier to perform before the introduction of computerized databases and advanced security measures. With the advancement of technology, banks and financial institutions have implemented various security features to prevent fraud, including chip-enabled cards, two-factor authentication, and real-time fraud monitoring.

Traditional Methods of ATM/credit Card Fraud Were Largely Successful Due