All Top Banking

ATM Skimming Victims Lose $50K (Video)

Posted by John B. Frank Wednesday, April 8, 2009

wgrz.com | Buffalo, NY | ATM Skimming Victims Lose More Than $50,000

The United States Attorneys Office announced Tuesday it's prosecuting a Romanian man for stealing more than $50,000 through a scam known as ATM skimming.

Assistant U.S. Attorney Aaron Mango said Tiberiu Szebeni, 29, used an electronic faceplate, known as a skimmer, to steal account information from ATM customers. Typically, the device sits on top of the slot in which bank cards are inserted.

"When you put your card into the ATM, it passes through this skimming device, and the skimming device then records all of the information on your card," Mango explained.

Once the thieves have that information, all they need is your pin number. Mango said that's typically obtained through the use of a tiny, pinhole camera with a view of the keypad, but he said thieves may also utilize a high-powered, zoom camera stationed somewhere in the distance.

Mango said once Szebeni obtained both the account and pin numbers, he transferred that information to empty store gift cards. Then, by using the magnetic strip in each card, Mango said Szebeni essentially turned each one into a clone of the original ATM card.

Federal prosecutors have charged Szebeni with use of a fraudulent access device with intent to defraud. Secret Service agents arrested him at the Rainbow Bridge on March 31st after a tip from a Rochester resident led them to the Romanian citizen.

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