ATM hacking and skimming were often in the news a few years back, but since the banks ramped up the security on ATM machines – including anti-skimming devices – ATM fraud activities seemed to drop off. Remember the Pro ATM Hacker ‘Chao’ Gives Out ATM Hacking Tips and a bunch of people getting busted not long after that.
Well it seems ATM skimming has resurfaced with the clever criminals finally gaining the ability to remove the anti-skimming devices and modify them to their own nefarious ends.
The advantage of ATM skimming rather than just plain old hacking the data online is that with the placement of a small camera you can also record the PIN number associated with each card – so after cloning it you can actually use it to withdraw money from the ATM.
It seems like the new skimming devices are much more high tech and also use off the shelf components, such as an MP3 player.
They haven’t really released any details such as which banks were effected or even which countries the skimming attacks took place in. There has actually been a record number of skimming attempts this year but the losses have dropped.
I’d guess that would be due to the new security-measures built into the EMV (Europay, Mastercard, Visa) ATM cards which have a chip built in that EMV compliant ATM machines can scan and verify.
Friday, July 15, 2011
European Banks Seeing New Wave Of ATM Skimming
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