By John Pearce, on February 02, 2011
According to the U.S. Secret Service the loss to ATM skimming each year is about $1 billion dollars. There are solutions for the problem – devices that can be added to an ATM that will detect the skimming activity and shut down the fake card reader. There are also signs that ATM users should look out for.
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Posted on: Banking & Financial - Tagged as: anti-skim technology, atm fraud, ATM Skimming, bank security
By John Pearce, on January 19, 2011
ATM skimming costs American financial institutions about $1 billion annually. It’s a worldwide problem, but the U.S. is particularly vulnerable due to the magnetic stripe on the back of ATM/debit cards that stores personal financial information.
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By John Pearce, on December 15, 2010
Many countries in Europe – and other parts of the world – are now fighting ATM and POS-related skimming with a credit/debit card encryption technology that makes for more secure card transactions.
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By John Pearce, on August 16, 2010
More state governments are taking action on ATM skimming, a criminal practice that is responsible for over a billion dollars in ATM fraud losses annually, according to the U.S. Secret Service.
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By John Pearce, on July 15, 2010
ATM skimming is the electronic “bank job” of this decade and its practitioners have become the modern-day Bonnie and Clyde. But unlike that legendary couple, skimmers choose card readers and miniature cameras rather than guns to steal other people’s personal financial information and money.
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