Good article on how certain merchants in Orlando FL helped stop a skimming scam from continuing over time. The most intriguing statement I read from this is
"It's almost like they can't stop themselves from doing it..."
The statement is referring to the fact that US-based Credit and Debit machines still use older magnetic stripe technology, which is outdated and has inherent security risks.
See the full article here:
http://www.cuinfosecurity.com/articles.php?art_id=4218&rf=2011-11-04-ec&elq=6ee1ce687bca4b50ba1517aa85f0222a&elqCampaignId=765
Showing posts with label Anti Skimming Devices. Show all posts
Showing posts with label Anti Skimming Devices. Show all posts
Monday, November 7, 2011
Thursday, October 13, 2011
NY Skimming Incidents may Be Linked
Kindof a general article again related to ATM Skimming. It discusses the several cases that have more recently occurred (Seattle, Florida, New York).
http://www.cuinfosecurity.com/articles.php?art_id=4148&opg=1
Interesting factoid:
From one ATM Machine with ONE skimming device, the back could see losses of approx 50K!
http://www.cuinfosecurity.com/articles.php?art_id=4148&opg=1
Interesting factoid:
From one ATM Machine with ONE skimming device, the back could see losses of approx 50K!
Skimming Devices on the Rise - ABC2 in Baltimore
Great news report on the effects of ATM Skimming related to ID Theft in Baltimore. This plague is spreading quite quickly.
http://www.abc2news.com/dpp/money/atm-skimming-ont-he-rise
ATM Skimming devices are gaining in sophisticated. Very descrete and attached to a Gas Pump...
http://www.abc2news.com/dpp/money/atm-skimming-ont-he-rise
ATM Skimming devices are gaining in sophisticated. Very descrete and attached to a Gas Pump...
Thursday, September 22, 2011
6 Tips to Curb ATM Skimming
Again, due to the recent activities around the Pacific Northwest cases, recommendations are made on how Skimming attacks might be countered.
The basic list looks like this (I've commented on some standout points...):
Fraudsters are Savvy to Surveillance - The writer suggests the Fraudsters KNOW that live video is not being monitored. However, they do not address the use of RECORDED video. Also, this is not a serious issue as the Fraudsters might simply use a machine without Video Surveillance.
Incidents Occur Quickly - 2-3 hours to collect a bunch of Account Data. That's about what would be expected. And then I suppose they move onto another machine.
No Wireless Technology - This is interesting in that the writer does not mention the use of wireless video cameras, something more commonly seen in the past. But they refer to the actual skimming device transmitting data wirelessly. I think it would certainly add costs and risk for the criminal, but it seems the use of a camera is still fairly likely.
Branch ATMs Preferred - The writer points out very good reasons for the preference of Branch Bank ATMs over Retail or otherwise, off-site ATMs. Easy access and high traffic volume, most important.
Certain Makes Targeted - I would say the regular use of specific model(s) is more related to familiarity and costs. If the Fraudsters can simply build ONE facade and product it in quantity, tehy can more quickly get the thefts underway at more places quicker and for less costs.
Merchants Can Help Detect Fraud - I find this most troubling. FIRST, consider the issue that the Retail organization DOES NOT check IDs when a Debit charge is being conducted. But SECOND. indeed, why/how should they? The main point of using a debit card, specifically with a customer swiping access point, is so the employee never NEEDS to check the card and/ or ID. It would seem to me a little strange after I've swiped my card and entered my PIN that an employee would ask me for the card and my ID.
Here's the whole article...
http://www.cuinfosecurity.com/articles.php?art_id=4084&pg=1
The basic list looks like this (I've commented on some standout points...):
Fraudsters are Savvy to Surveillance - The writer suggests the Fraudsters KNOW that live video is not being monitored. However, they do not address the use of RECORDED video. Also, this is not a serious issue as the Fraudsters might simply use a machine without Video Surveillance.
Incidents Occur Quickly - 2-3 hours to collect a bunch of Account Data. That's about what would be expected. And then I suppose they move onto another machine.
No Wireless Technology - This is interesting in that the writer does not mention the use of wireless video cameras, something more commonly seen in the past. But they refer to the actual skimming device transmitting data wirelessly. I think it would certainly add costs and risk for the criminal, but it seems the use of a camera is still fairly likely.
Branch ATMs Preferred - The writer points out very good reasons for the preference of Branch Bank ATMs over Retail or otherwise, off-site ATMs. Easy access and high traffic volume, most important.
Certain Makes Targeted - I would say the regular use of specific model(s) is more related to familiarity and costs. If the Fraudsters can simply build ONE facade and product it in quantity, tehy can more quickly get the thefts underway at more places quicker and for less costs.
Merchants Can Help Detect Fraud - I find this most troubling. FIRST, consider the issue that the Retail organization DOES NOT check IDs when a Debit charge is being conducted. But SECOND. indeed, why/how should they? The main point of using a debit card, specifically with a customer swiping access point, is so the employee never NEEDS to check the card and/ or ID. It would seem to me a little strange after I've swiped my card and entered my PIN that an employee would ask me for the card and my ID.
Here's the whole article...
http://www.cuinfosecurity.com/articles.php?art_id=4084&pg=1
Tuesday, September 6, 2011
ATM and Gas Pump Skimming - On the Rise?
Maybe its just me, but it seems there has been a rise in the number of Skimming cases across the US in recent months.
May 2009 - New York - Estimated 500K USD lost due to skimming devices
Sept 2010 - South Florida - ATM and Gas pumps found with devices
July 2011 - Houston, TX - 400K ATM Skimming Scam
July 2011 - Global ATM Skimming Ring Busted
Aug 2011 - Sacramento, CA - 2 men facing charges of ATM Skimming
Sept 2011 - Tampa Bay, FL - approx 44 customers defrauded at area ATMs
Sept 2011 - Seattle, WA - 3 Charged With 6-State Spree Linked to $550K in Fraud
There are of course many more than these, but it seems to be an increasing issue in the field. Some would estimate the problem of Card Fraud totaling over 2 BILLION dollars in recent interviews. This number is staggering considering the limited effort ATM manufacturers have put toward actually solving the problem. Some have attempted to correct the problem by adding jitter technology into the machines themselves, which can be a costly effort to outfit legacy machines. Others take a more unintrusive route with a combination of detection and jamming devices. Each has ways of providing parts of the solution, but it still seems pieces are lacking.
May 2009 - New York - Estimated 500K USD lost due to skimming devices
Sept 2010 - South Florida - ATM and Gas pumps found with devices
July 2011 - Houston, TX - 400K ATM Skimming Scam
July 2011 - Global ATM Skimming Ring Busted
Aug 2011 - Sacramento, CA - 2 men facing charges of ATM Skimming
Sept 2011 - Tampa Bay, FL - approx 44 customers defrauded at area ATMs
Sept 2011 - Seattle, WA - 3 Charged With 6-State Spree Linked to $550K in Fraud
There are of course many more than these, but it seems to be an increasing issue in the field. Some would estimate the problem of Card Fraud totaling over 2 BILLION dollars in recent interviews. This number is staggering considering the limited effort ATM manufacturers have put toward actually solving the problem. Some have attempted to correct the problem by adding jitter technology into the machines themselves, which can be a costly effort to outfit legacy machines. Others take a more unintrusive route with a combination of detection and jamming devices. Each has ways of providing parts of the solution, but it still seems pieces are lacking.
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