- Thursday July 14th, 2011 :: 09:11 p.m. PDT
ATM Skimming: How criminals use hidden cameras, fake card slots, & more to steal your money @FBIPressOffice
From the FBI Press Office
Taking a Trip to the ATM? Beware of 'Skimmers'
Last fall, two brothers... were charged in U.S. federal court... with using stolen bank account information to defraud two banks of more than $1 million.
Their scheme involved installing surreptitious surveillance equipment on... ATMs that allowed them to record customers’ account information and PINs, create their own bank cards, and steal from customer accounts.
Skimming typically involves the use of a hidden cameras (top) to record customers’ PINs, and phony keypads (right) placed over real keypads to record keystrokes.
What these two did is called “ATM skimming”—basically placing an electronic device on an ATM that scoops information from a bank card’s magnetic strip whenever a customer uses the machine. ATM skimming is a growing criminal activity that some experts believe costs U.S. banks hundreds of millions of dollars annually.
How skimming works and How to avoid being skimmed...
Read more here:
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