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Cyber Risks · Krebs on Security

ATM Insert Skimmers: A Closer Look

Summary: KrebsOnSecurity describes wafer-thin "insert skimmers" hidden entirely inside an ATM's card acceptance slot, which fraudsters install and remove using thin handmade tools, as shown in two underground sales videos. In a typical setup, the insert skimmer captures magnetic-stripe data from inserted cards while a pinhole spy camera above or beside the PIN pad records time-stamped video of PIN entry, letting thieves fabricate cards and withdraw cash.

Key Takeaway: Krebs notes that hidden cameras were used in the vast majority of the more than three dozen ATM skimming incidents he has covered, yet in video seized from two skimming operations he watched customer after customer enter PINs in the clear. Banks are turning to technology that detects devices affixed to the ATM, which is why fraudsters are shifting to insert skimmers that are completely hidden from view once inserted.

Read the original at Krebs on Security ↗

Topics
Fraud & Scams
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