Cyber Risks · Krebs on Security

All About Skimmers

Summary: Krebs on Security compiled a gallery of its reporting on ATM, gas pump and point-of-sale skimmers, devices affixed to card slots to secretly capture card and PIN data. The series cites U.S. Secret Service estimates of about $1 billion in annual ATM fraud losses in 2008, with card skimming accounting for more than 80 percent of ATM fraud, and 10,302 skimming incidents reported in Europe during 2008.

What you should know: Skimming has moved well past crude overlays: the series documents GSM and Bluetooth skimmers that text stolen data out, wafer-thin readers inserted into card slots, and 3D-printed devices a South Texas gang used to steal more than $400,000, so a card slot that looks clean is no longer evidence that it is.

Read the original at Krebs on Security ↗

Topics
Data Breaches
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