Blog Posts Tagged with "Skimming"
August 21, 2012 Added by:Headlines
Four men were arrested for their roles in an identity theft scheme involving the theft of credit card numbers used to fraudulently purchase fuel at gas stations in order to be sold, distributed, or otherwise used by the defendants in order to obtain criminal proceeds...
June 12, 2012 Added by:Robert Siciliano
EFTPOS skimming — which stands for “electronic funds transfers at the point of sale” — involves either replacing the self-swipe point of sale terminals at cash registers with devices that record credit and debit card data, or remotely hacking a retailer’s POS server...
February 28, 2012 Added by:Christopher Rodgers
When you swipe your credit or debit card, are you handing over your personal information to criminals? Skimming is a process scammers use to steal credit or debit card information. Scammers use devices called skimmers to accomplish skimming in everyday transactions...
December 04, 2011 Added by:PCI Guru
Security is not perfect, and controls have to be executed perfectly every day, every year - else that is where things always go awry. If you execute controls consistently, your organization should be very difficult to compromise and the bad guys will find an easier target...
August 19, 2011 Added by:Kelly Colgan
A Florida waitress used a skimmer to steal their credit card information, make new cards and rack up thousands of dollars in charges at Radio Shack and Walmart—all on their dime. The 25-year-old told authorities she targeted customers who she thought treated her poorly by running her around...
July 19, 2011 Added by:Anup Shetty
Hardware tampering on handhelds are tough to crack unless multiple cases lead to the fraudsters. Awareness and regular tracking one's card accounts leads to detection. The next time you swipe your card at a tacky joint that, be sure to be more vigilant on your account...
July 18, 2011 Added by:Headlines
"What stands out to me is that they arrested 61 people and they anticipate more. I think it just shows how pervasive these skimming rings are. This isn't a couple of smart teenage hackers operating locally, but a globally organized operation..."
June 22, 2011 Added by:Robert Siciliano
"Customers have already punched in their PINs when they realize the keypad buttons are stuck. The unwitting customers either do not know that they can use the ATM touch screen to finish their transaction, or become nervous when the keypad isn’t working and react by leaving the ATM..."
March 19, 2011 Added by:Robert Siciliano
Flaws in the system used to issue credit facilitate new account fraud, since creditors often neglect to fully vet credit applicants with technology as essential as device reputation. Account takeover requires nothing more than access to credit card numbers...
January 31, 2011 Added by:Headlines
"The thieves remove the card swipe device attached to the outside door, add a skimmer, and then reattach the device to the door. The attackers then place a hidden camera just above or beside the ATM, so that the camera is angled to record unsuspecting customers entering their PINs..."
January 15, 2011 Added by:Robert Siciliano
The latest ATM scam is so brilliantly simple, it’s hard to believe that it actually works. Apparently, banks’ fraud detection systems are unable to flag nearly simultaneous transactions from the same account. This leaves bank customers vulnerable to what’s been termed a flash attack...
January 06, 2011 Added by:Headlines
With the new fake ATM keypads, the time between skimming and cashing-in is reduced significantly. The mock keypads are nearly undetectable to the lay person, and transmit PIN data in real time, along with the skimmed card information. Criminals can then immediately begin stealing cash directly from accounts...
January 03, 2011 Added by:Robert Siciliano
POS machines are particularly vulnerable because the magnetic stripe technology, which has been around for 40 years, is essentially defenseless against modern fraud techniques. Anyone can easily, and legally, purchase a skimming device for a couple hundred dollars...
November 09, 2010 Added by:Robert Siciliano
In both cases, the criminals need to obtain the 4-digit cardholder PIN to allow for fraudulent cash withdrawal. The video shows criminals installing a micro camera above an ATM PIN pad and then placing a skimming device over the card reader throat...
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