Tag: ATMSKIMMERS

ATM skimmers are a growing problem, thanks to the ease and low cost of producing the card readers. Brian Krebs writes that the European ATM Security Team has found crooks using audio technology to read the magnetic strips on cards, almost as if they were audio cassettes. A software package is then used to convert the audio data into usable ATM card numbers. (PINs are harvested via a separate ...

The smarter breed of ATM crooks (i.e., not the type that try to cart off an entire machine with a backhoe) favor tools like card skimmers and pinhole cameras. Authorities in the U.K. recently seized the contents of one such camera, and it reveals a rather simple way to thwart these hackers: hide your hands. In order to work, skimmers require customer carelessness, and the crooks hope that you ...

Share Degenerate crooks can make a dubious, yet highly profitable, living through the use of ATM card skimmers. Officials routinely dismantle thievery operations that generate millions of dollars in plunder. According to the Smoking Gun, New York authorities recently arrested several suspects in relation to such a skimmer ring, and -- under federal questioning -- one man pulled a boneheaded and ...

South African crooks have recently focused their attention on Absa Bank, one of the African nation's largest financial institutions, by bombing several of the company's ATMs during the last year. In the Western Cape region, a popular tourist destination, authorities also claim to have identified approximately 40 data-stealing card-skimmers at various ATMs. To protect its machines -- and inflict ...