Cyber Risks · Krebs on Security

A Handy Way to Foil ATM Skimmer Scams

Summary: Krebs reviewed hidden-camera footage from ATM skimmer schemes and found that of dozens of customers at one compromised machine, only one covered his hand while entering his PIN, and none of 19 customers caught on camera in a second, more recent scam shielded the keypad. The footage came from a 2009 Bank of America skimmer incident in California that used a card slot overlay and a hidden ball camera, and from a separate all-in-one skimmer attack shared by a law enforcement source.

What you should know: A skimmer captures the card data and the camera captures the PIN, which lets thieves clone the card and spend against the full account balance at any merchant - not just the few hundred dollars an ATM withdrawal limit allows.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
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