All Top Banking

Recent Debit Scam Source in Canada ID'd

Posted by John B. Frank Wednesday, February 11, 2009


I've done some posts on the tampering of PED's (HomeATM's PED is tamper-proof) and the fact that some people are stealing and replacing PIN Pads with fake ones.  FYI, to see those posts, you can use the HomeATM Blog Search Bar,   It is located on the right sidebar of this blog. 

Were you to search: tampering,  you would get the results below:


Dec 17, 2008
Getting the PAN (personal account number) and PIN is so easy (with tampered devices) it's like stealing candy from a baby.However, in these times, it's not the "sweet tooth" that's behind the stealing...it's the Bluetooth. ...

Oct 12, 2008
It's bad enough when point of sale (POS) devices are tampered with at the physical retail location, but now it's getting a little ridiculous. Now... there's reports that the some POS devices are being doctored (by ...

Dec 02, 2008
police said a local business discovered the store's debit pad had been tampered with and called police. The next day, police arrested two suspects at the Greyhound Bus terminal on York Street as dozens of people and media waited for ...

Jan 05, 2009
They've been tampered with, they've had skimmers attached to them, or they've been replaced with clones and then taken back filled with credit/debit card numbers. I am adamant in my beliefs that the safest transaction is ...

Here's the story from the Beacon Herald stating that police in the Stratford area have "PINpointed" where the fake equipment was installed:
Source of debit scam tracked down

Business innocent victim, not being named
Posted By Laura Cudworth, Staff Reporter

The debit scam that emptied thousands of dollars from bank accounts around the city was located at one local business. Stratford police and banking security officers have pinpointed where the fake equipment was installed but won’t name the business.

“The business is a lot of times the victim of this type of fraud. So far in our investigation, they’re innocent parties. We have no reason to believe the owner had anything to do with this at this time,” Insp. Sam Theocharis said Wednesday. However, if the police make an arrest the name of the suspect will be released, he said.

He noted business owners are rarely involved because it’s easy to track down where the fraud originated using pin pads that were modified.  Over the past several months, groups of individuals have been going into businesses, not just in Stratford, distracting employees and stealing pin pads. It takes two of the units to make one modified pin pad.


Most businesses leave PIN pads right out on the counter, so crooks have easy access. “Wherever you go you see PIN pads on the counter,” Insp. Theocharis noted. 


Dear Prudence:

When you hear it put  that way, doesn't it  kind of make you feel it may be more,  well... prudent to stay at home, save gas, maybe some sales tax, make sure you get the best deal,  and use your "very own...very secure (E2EE) personal card swiper with it very own tamperproof PIN Pad?


continue reading





Reblog this post [with Zemanta]

0 comments

Post a Comment

Powered by Blogger.

Blog Archive

Search This Blog

Our Manufacturing Facility

Learn More About Us

Find out how our patented technology can empower your financial institution.

Our secure two-factor online banking authentication eliminates dangerous passwords and usernames and replicates the same trusted process used to access cash at ATM's. (Insert Bank Issued Card, Enter Bank Issued PIN)

There is an R.O.I. as FI's also earn recurring revenue from each transaction conducted using our PCI 2.0 Certified PIN Entry Device. Our technology also provides a unique real-time P2P "Instant-Transfer" which allows your online banking customer to transfer cash from ANY of their bankcards to ANY other bankcard...with the Swipe of a card.

Help your bank eliminate phishing and your customers avoid identity theft by providing them with the ability to stop typing and start swiping. There is no safer way to conduct financial transactions online than by 3DES DUKPT encrypting the cardholder details, which we do at the mag-head "inside the box/outside the browser."

Total Pageviews

SLIM for PC or SmartPhone

SLIM for PC or SmartPhone
Click to Inquire

Chip and PIN eCommerce and Mobile

Chip and PIN eCommerce and Mobile
Click to Inquire

Kapersky Calls for Mass Adoption of Card Readers

Kapersky Calls for Mass Adoption of Card Readers

Translate This Blog

BobCaps

Search ePayment News (example: NFC)

About Me

My photo
Named one of the best Payment Industry News Blogs 4 Years Running

Feedjit

My Zimbio