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13-Jan-2017 10:33 by 5 Comments

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The series I’ve written about ATM skimmers, gas pump skimmers and other related fraud devices have become by far the most-read posts on this blog. Card skimming, where the fraudster affixes a bogus card reader on top of the real reader, accounts for more than 80 percent of ATM fraud.

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Secret Service estimates that annual losses from ATM fraud totaled about

Secret Service estimates that annual losses from ATM fraud totaled about $1 billion in 2008, or about $350,000 each day.The vendor of this skimmer kit advertises “full support after purchase,” and “easy installation (10-15 seconds).” But the catch with this skimmer is that the price tag is misleading. In July 2011, a customer at a Chase Bank branch in West Hills, Calif.That’s because the audio files recorded by the device are encrypted. noticed something odd about the ATM he was using and reported it to police.March 25, 2010: Would You Have Spotted This ATM Fraud?…The site also advertises a sort of rent-to-own model for would-be thieves who need seed money to get their ATM-robbing businesses going.Along the way, I received some information from a law enforcement source in the area about a recent ATM skimmer attack that showcased a well-designed and stealthy all-in-one skimmer. It’s getting harder to detect some of the newer ATM skimmers, fraud devices attached to or inserted into cash machines and designed to steal card and PIN data. I spent several hours this past week watching video footage from hidden cameras that skimmer thieves placed at ATMs to surreptitiously record customers entering their PINs.

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Secret Service estimates that annual losses from ATM fraud totaled about $1 billion in 2008, or about $350,000 each day.

The vendor of this skimmer kit advertises “full support after purchase,” and “easy installation (10-15 seconds).” But the catch with this skimmer is that the price tag is misleading. In July 2011, a customer at a Chase Bank branch in West Hills, Calif.

That’s because the audio files recorded by the device are encrypted. noticed something odd about the ATM he was using and reported it to police.

March 25, 2010: Would You Have Spotted This ATM Fraud?

…The site also advertises a sort of rent-to-own model for would-be thieves who need seed money to get their ATM-robbing businesses going.

Along the way, I received some information from a law enforcement source in the area about a recent ATM skimmer attack that showcased a well-designed and stealthy all-in-one skimmer. It’s getting harder to detect some of the newer ATM skimmers, fraud devices attached to or inserted into cash machines and designed to steal card and PIN data. I spent several hours this past week watching video footage from hidden cameras that skimmer thieves placed at ATMs to surreptitiously record customers entering their PINs.

billion in 2008, or about 0,000 each day.

The vendor of this skimmer kit advertises “full support after purchase,” and “easy installation (10-15 seconds).” But the catch with this skimmer is that the price tag is misleading. In July 2011, a customer at a Chase Bank branch in West Hills, Calif.

That’s because the audio files recorded by the device are encrypted. noticed something odd about the ATM he was using and reported it to police.

March 25, 2010: Would You Have Spotted This ATM Fraud?

…The site also advertises a sort of rent-to-own model for would-be thieves who need seed money to get their ATM-robbing businesses going.

Along the way, I received some information from a law enforcement source in the area about a recent ATM skimmer attack that showcased a well-designed and stealthy all-in-one skimmer. It’s getting harder to detect some of the newer ATM skimmers, fraud devices attached to or inserted into cash machines and designed to steal card and PIN data. I spent several hours this past week watching video footage from hidden cameras that skimmer thieves placed at ATMs to surreptitiously record customers entering their PINs.

Among the latest and most difficult-to-spot skimmer innovations is a wafer-thin card reading device that can be inserted directly into the ATM’s card acceptance slot. I was surprised to see that out of the dozens of customers that used the compromised cash machines, only one bothered to take the simple but effective security precaution of covering his hand when entering his 4-digit code. 20, 2012: Beware Card- and Cash-trapping at the ATM…July 20, 2010: Skimmers Siphoning Card Data at the Pump …Thieves recently attached bank card skimmers to gas pumps at more than 30 service stations along several major highways in and around Denver, Colorado, the latest area to be hit by a scam that allows crooks to siphon credit and debit card account information from motorists filling up their tanks.Fun With ATM Skimmers, Part III …According to the European ATM Security Team (EAST), a not-for-profit payment security organization, ATM crimes in Europe jumped 149 percent form 2007 to 2008, and most of that increase has been linked to a dramatic increase in ATM skimming attacks.The problem from the thief’s perspective is that the more components included in the skimmer kit, the greater the chance that he will get busted attaching or removing the devices from ATMs.Thus, the appeal of the all-in-one ATM skimmer: It stores card data using an integrated magnetic stripe reader, and it has a built-in hidden camera designed to record the PIN sequence after an unsuspecting customer slides his bank card into the compromised machine. 23, 2010: Crooks Rock Audio-based ATM Skimmers – The European ATM Security Team (EAST) found that 11 of the 16 European nations covered in the report experienced increases in skimming attacks last year.EAST noted that in at least one country, anti-skimming devices have been stolen and converted into skimmers, complete with micro cameras used to steal PINs.