Live ATM Skimming Video Confiscated

ATM skimming, the top ATM-related crime, accounts for about $350,000 in fraud every day in the United States, exceeding a billion dollars a year.

An organization called EAST, or European ATM Security Team, posted seized video footage from a compromised ATM, depicting the installation of a camera and skimmer. The video shows how criminals collect cardholders’ PINs.  It also shows how easily cardholders can protect their PINs. This must-see video is simple, but says a lot. (You can watch more ATM skimming demonstrations on Extra TV.)

EAST explains, “while the vast majority of ATM transactions are completely secure, criminals do occasionally target cash machines to try to either steal cards (card trapping) or to copy cards (card skimming). In both cases, the criminals need to obtain the 4-digit cardholder PIN to allow for fraudulent cash withdrawal. The video shows criminals installing a micro camera above an ATM PIN pad and…

Read the full article at mcafee.com



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