How Not to Install an ATM Skimmer
Summary: Nashville police released photos of a man attaching a card skimmer and a false panel with a hidden camera to a Bank of America ATM; the overlay came off in the hands of the first customer, who arrived less than seven minutes after installation, and the customer drove off with the device. Verizon's annual breach report found physical tampering was the most frequent threat action across more than 620 breaches from 2012, present in over 30 percent of incidents, while the European ATM Security Team reported a 13 percent rise in European ATM fraud losses in 2012.
Key Takeaway: Verizon's Wade Baker said physical tampering - the installation of a skimming device - was the number one threat action out of everything examined, and the last U.S. Secret Service figure cited here put annual ATM fraud losses at about $1 billion for 2008 alone.
Read the original at Krebs on Security ↗
- Topics
- Fraud & Scams
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