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“Now there’s a skimmer that is literally as thin as…a credit card. And it slides into the slot and down. It’s not even detectable,” said Chris Hadnagy, the CEO of Social-Engineer, a cybersecurity training company.
Do you know if a criminal stole your card information when you swiped at the ATM or even a gas pump?
ATM skimming, or using a device to steal debit information, is on the rise and getting more sophisticated.
The proliferation of skimmers has put the ATM industry on alert.
“Skimming has historically been the number one fraud issue for the ATM channel, so it’s always been, on top of mind for our folks.
Thieves employ several techniques to steal data that are embedded in the magnetic stripe on credit and debit cards:
So now let's come to the Methods employed:
A plastic overlay placed over the ATM keypad captures PINs as they are entered.
2. An overlay placed over the card insertion slot records the data on the magnetic stripe.
3. Tiny cameras placed on an ATM record keypad entries and your fingers as you type.
4. An overlay that covers the whole ATM faceplate is embedded with cameras and card-slot and keypad overlays.
Going forward we will learn about How to Identify whether any ATM has Skimming Device
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