Cyber Risks · Krebs on Security

Skimmers Found at Walmart: A Closer Look

Summary: Overlay skimmers designed to fit Ingenico card readers used at Walmart self-checkout lanes were found at stores in Fredericksburg, Virginia and Fort Wright, Kentucky, with the devices capturing PINs through a pad overlay and magnetic-stripe data on swipe. The skimmer retails for $200 to $300 before the cost of the electronics that power it and store stolen card data, and it attaches to the face of the reader in about two seconds.

Key Takeaway: The device sells for a few hundred dollars and installs in roughly two seconds at a self-checkout lane, while Mercator Advisory Group found only 20 percent of U.S. card terminals had been activated for chip use as of April 2016 and Aite Group projected card fraud from hacking would hit a record $4 billion that year.

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Topics
Data Breaches
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