Forest Global Training Partners

Cyber Risks · Krebs on Security

Spike in ATM Skimming in Mexico?

Summary: Financial industry sources reported a spike in fraud on customer cards used at ATMs in Mexico, and on July 18, 2015, municipal police in Puerto Vallarta arrested a man who had just replaced the battery in a pair of skimming devices installed at a local ATM. The kit targeted certain Hyosung cash machines and included a card skimming device plus a hidden pinhole camera in a molded plastic fascia above the PIN pad, and the suspect carried a French Carte Vitale health card bearing the name Dominique Mardokh.

What's compelling: The skimmer worked because most US cards still store account data in plain text on a magnetic stripe, and the US liability shift for counterfeit-card fraud at ATMs does not arrive until October 2017 - so stolen card data can be sent to co-conspirators in the United States and cashed out there.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
Related