A recent news report of a skimming scam in Long Island, N.Y., netted thieves more than $200,000 from ATMs at five branches.
Skimming today is far more sophisticated than in the past. Skimmers can include blue tooth and texting technology that send the data to the criminal anywhere. Keypads can be compromised by devices that overlay the exiting pad and transfer the data remotely.
ATM scams and fraud go beyond skimming to crimes that are very physical such as ram raiding to remote malicious software hacks.
Bankinfosecurity.com published “7 Growing Threats to Financial Institutions”.
#1 Skimming; Hardware readily available online that is attached to the face of ATM records user card information and pin codes. In this case you may still be able to perform a transaction.
#2 Ghost ATMs; A card reader is blocked off and replaced with hardware that supersedes the machine and records all your data without allowing a transaction. The