Skimmers Net $500,000 at ATM

Skimmers Net $500,000 at ATM

Posted by John B. Frank Tuesday, March 24, 2009

Finextra: Australian ATM skimming gang nets $500,000

Australian police are hunting thieves suspected of stealing over $500,000 from ANZ customer bank accounts using details obtained from a skimming device attached to a cash machine in Melbourne.

Investigators suspect the device has been attached to the ATM intermittently over the past two months, with stolen card details then used to access funds from accounts.

Police say an international syndicate may be responsible and have released images of two men they believe can help with the investigation.

According to local press reports, at least four other local cash machines are suspected to have had skimmers attached to them and over 5000 people have been affected.

Editor's Note: Good thing these people aren't determined and the punishment fits the crime. It also helps that they're not highly organized. Editor's Sacarstic Comment: All those variables will certainly help deter future breaches...

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