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Skimming

Wrigley Field fans targeted by skimming scam

Dan Kaplan May 02, 2012

A group of six has been charged in the latest scam to defraud bank customers through the use of skimming devices, a trend that has seen a noticeable uptick in arrests and prosecutions over the past year.

Third person pleads in New England skimming racket

Dan Kaplan April 17, 2012

A third defendant accused of participating in an ATM skimming spree that hit banks in Connecticut, Massachusetts and Rhode Island has pleaded guilty.

Maryland man receives 66 months for credit card skimming

Dan Kaplan March 26, 2012

A 33-year-old Maryland man on Friday was sentenced to 5 1/2 years in prison for participating in an identity theft and credit card skimming scheme, according to the U.S. attorney's office in Alexandria, Va.

Alleged Toronto ATM skimmers charged

Danny Bradbury March 12, 2012

Seven Ontario residents have been charged for stealing in a massive ATM skimming operation.

Two suspects skim cards at the ATM door

Dan Kaplan February 08, 2012

Two men have been charged with applying a new take on ATM skimming fraud -- placing the data-stealing device on the card reader at the door, not on the actual cash machine.

Secret Service charges Romanian man with ATM fraud

Dan Kaplan January 09, 2012

A Romanian citizen, with an expired U.S. visa, has been arrested on charges of serving as the "installer" of skimming devices on some 40 ATMs in the New York City area.

Counterfeit card maker pleads in ATM skimming bust

Dan Kaplan December 21, 2011

A 21-year-old Connecticut woman on Tuesday pleaded guilty to participating in an ATM skimming operation between February and July, the U.S. attorney's office in Connecticut said.

Vandals hack checkout terminals at California supermarkets

Dan Kaplan December 08, 2011

As of Monday, at least 80 people were victimized by credit and debit card readers being tampered with.

Three indicted in New York on ATM skimming charges

Dan Kaplan November 22, 2011

Two of the three men accused of swiping the debit card credentials of 1,490 ATM users in Manhattan remain behind bars. The other defendant is at large.

More than 100 charged in ID theft ring

Angela Moscaritolo October 10, 2011

The organized structure of a huge identity theft operation, based in New York, allowed members to make millions in profits.

Official: FBI investigating 400 bank account takeovers

Dan Kaplan September 19, 2011

Despite fresh guidance and quicker fraud detection, the FBI actively is investigating more than 400 cases of corporate bank account takeovers, an official told federal lawmakers last week. Gordon Snow, the FBI's assistant director of the cyber division, told a House Financial Services subcommittee that these cases, in which criminals initiate unauthorized Automated Clearing House and wire transfers from seized accounts belonging to mostly small and midsize businesses, have resulted in the attempted theft of more than $225 million and actual losses of around $85 million. In his remarks, Snow also discussed risks related to ATM skimming, mobile banking and supply chain compromise.

VeriFone, Square at odds over refuted security flaw

Angela Moscaritolo March 10, 2011

Mobile payment service startup Square has refuted claims made by a competitor that its card reader could easily be turned into a skimmer capable of stealing financial and personal information.

PCI Council releases new PIN security standard

Dan Kaplan May 13, 2010

The group responsible for managing payment security rules has released version 3.0 of the PIN Transaction Security (PTS) standard. The new version replaces the PIN Entry Device (PED) standard in an effort to streamline point-of-sale security guidelines to also cover unattended payment terminals, such as fuel dispensers, and hardware security modules, which are nonuser facing devices used in PIN translations. The update "simplifies the testing process and eliminates overlap of documentation," according to the PCI Security Standards Council. The council also plans to release updates to its Payment Application Data Security Standard and flagship PCI Data Security Standard later this year. — DK

U.S. businesses face skimming fraud increase

Angela Moscaritolo April 27, 2010

Eastern European gangs are systematically conducting well-organized skimming attacks against U.S. consumers and businesses, according to a Gartner analyst.