Beware Card- and Cash-Trapping at the ATM
Summary: The European ATM Security Team reports that five countries in the region have logged card-trapping incidents this year, using devices fitted over the card slot with a razor-edged spring trap that holds the card and stops the ATM from retracting it. EAST says most card traps are placed outside normal banking hours, with fraudulent balance inquiries and withdrawals at a nearby ATM within 10 minutes of the capture, followed by point-of-sale transactions, and that thieves used fork-like cash-claw devices to steal more than a million Euros from French cash machines this year.
Key Takeaway: EAST reports that customers are still not reporting captured cards despite on-screen and fascia warnings, and that gap is what turns a trapped card into substantial losses within the first 10 minutes.
Read the original at Krebs on Security ↗
- Topics
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