Comments on: High-tech bank robbers phone it in
Through a method called skimming, a digital copy of your debit card is made at a compromised ATM, and then the data is sent over SMS to awaiting criminals.
Through a method called skimming, a digital copy of your debit card is made at a compromised ATM, and then the data is sent over SMS to awaiting criminals.
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Oh wait, it is just as easy.
I guess the cost of the loss is less then the cost of smart cards - hard to belive!!!
I always test the system with my AAA card which will open any ATM door because they only require a magnetic strip. Now I've used MY ATM many times and all the branches have the same machine. If it's different I DON'T USE IT.
It's that simple.
This isn't scary, it's common sense.
I've seen scammers put up signs saying "swipe to clean your card" when it's actualy a recorder. It's just COMMON sense people.
If you're not sure, than your right and DON'T use it!
Fingerprints get digitized that means it can be spoofed.
Biometrics is a false security blanket.
You can introduce a card with finger print recognition, voice recognition, retina recognition, full 3D body scan of the card holder and GPS tracking and you STILL won't stop skimming. The only thing that can be done to stop skimming is to stop using credit cards and debit cards and carry huge wads of cash around. But if this happened there would be about 200 million muggings per day where people get physically injured. So that's why debit and credit cards are still around. If they were any harder to use no one would use them and they wouldn't be convenient.
You CANNOT stop skimming just like you cannot stop hacking. The more technology you add to a card to easier it is for a criminal to alter.
You've all heard of that 'Credit Monitoring' or that Anti-Identity theft commercial where the guy had his real SSN number on a big truck driving through town so confident that it would work.
That company has now had a lot of complaints of false advertising because the clients STILL had their information stolen and money stolen.
You cannot stop it.
Like I said, credit card companies and banks both know this. They can introduce whatever they want to new ATM's but they know all they'll be doing is satisfying the customers 'piece of mind', but won't do much because it won't stop the crime.
That is all.
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