Your ordinary bank robber can now steal hundreds of account numbers from ATMs without so much as lifting a finger. Instead, he skims.
Skimming is the physical use of secondary readers to capture the magnetic tracks on the backs of credit and debit cards. On ATMs, skimmers and secondary keypads are used to capture account numbers and PINs. Often, the ATM transaction goes through, and the customer doesn't realize that the account has been compromised until later.
Two risks these high-tech criminals face are being caught fitting a faux cover over an ordinary ATM card slot and keypad, then … Read more