PrivatBank will offer a $50,000 reward for information on criminals who are installing ATMs with skimming devices.

Several Privat ATMs in Krivoy Rog were installed with skimming devices in October and November of this year. The scam was stopped but the criminals have not been detained. An ATM security camera caught the image of one of the criminals in the act of performing the scam.

Stanislav Krizhanovsky, the head of security for Privat, said that countering fraudulent activity is a priority for the bank.

The bank is asking citizens for information on the whereabouts of the people in the photographs. Anonymity is guaranteed and any information leading to the criminals will result in renumeration of $50,000.

PrivatBank was founded in 1992 and is a leading commercial bank in Russia. As a leader in innovation, PrivatBank was one of the first banks to use SMS-disposable passwords. It has also been recognized for its online and mobile banking enhancements.