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Cyber Risks · Krebs on Security

ATM Skimmers Get Wafer Thin

Summary: The European ATM Security Team reported that one unnamed European country alerted it to a new skimmer thin enough to be inserted directly into the ATM's card acceptance slot, where it records the data on the card's magnetic stripe as the card is slid in. EAST's second report says these insert skimmers are continuing to evolve, and they require a secondary component such as a PIN pad overlay or hidden camera to capture the customer's PIN.

Bottom line: A device that sits inside the card slot defeats the external inspection most customers and staff rely on, and because the stolen mag-stripe data and PIN can be used to make counterfeit cards for countries still on mag-stripe readers, the fraud crosses borders even where chip-and-PIN is deployed.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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