Skimmers Steal $.5 Million from NYC ATM Users

Posted by John B. Frank Wednesday, May 13, 2009

Banking/Finance - ATM / POS
Source: FOXNews
Complete item: http://www.foxnews.com/story/0,2933,519845,00.html

Description:
A sophisticated band of thieves managed to steal personal information and more than half a million dollars from hundreds of New York City bank customers by rigging ATMs in what police say is further evidence of the continued assault on personal data by identity thieves.

Police said the identity thieves installed devices on ATM machines at Sovereign Bank branches in Staten Island that enabled them to collect account and PIN numbers, the New York Daily News reported Monday.

First they placed skimmers on the slots where customers inserted their bank card that could read and store the information. Then a tiny camera was hidden in the lighted sign on the ATM that filmed customers typing in PIN codes, the Daily News reported.

"This crew is sophisticated," Deputy Inspector Gregory Antonsen, head of the NYPD's special investigations division, told the Daily News. "And they are coming up with new ways to steal your identity every day."

The ATM-riggers managed to steal more than $500,000 from more than 250 victims. They also created fake ATM cards with the same magnetic codes as the victims and used the cards at different banks, police said.

E-Secure-IT
https://www.e-secure-it.com

0 comments

Post a Comment

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."

All Top Banking