Skimmers scam $500,000

A gang of criminals hauled in a half million dollars from ATMs at banks in New York City by attaching a hardware card reader, or skimmer, and video camera to ATMs. According to a report Monday in the N.Y. Daily News, as unsuspecting Sovereign Bank patrons withdrew money from the ATMs, the skimmer recorded their bank information and the camera filmed their PINs. The thieves then counterfeited the cards and hit other ATMs for daily withdrawal maximums. No arrests were reported as of Monday morning. — CAM

More in News

Attackers use Skype, other IM apps to spread Liftoh trojan

Countries in Latin America have been the primary targets in this campaign, researchers say.

Scammers on the hunt for Memorial Day deal watchers

Like they do with major news events and other holidays, online fraudsters are seeking to cash in on the upcoming Memorial Day weekend.

Proxy research firm settles charges with SEC over client breach

Institutional Shareholder Services (ISS), a research firm the advises clients on voting in proxy fights, must pay $300,000 to the U.S. Securities and Exchange Commission.