Every so often, the sophistication of the technology being built into credit card skimmers amazes even the experts who are accustomed to studying such crimeware. This post focuses on one such example — images from one of several compromised point-of-sale devices that used Bluetooth technology to send the stolen data to the fraudsters wirelessly.
The alleged ringleader of a Romanian hacker gang accused of breaking into and stealing payment card data from hundreds of Subway restaurants made news late last month when he was extradited to face charges in the United States. But perhaps the more interesting story is how his two alleged accomplices happened to have come to this country willingly: They were lured here by undercover U.S. Secret Service agents who promised to shower the men with love and riches.
An ATM skimmer gang stole more than $400,000 using skimming devices built with the help of high-tech 3D printers, federal prosecutors say.
Before I get to the gang, let me explain briefly how ATM skimmers work, and why 3D printing is a noteworthy development in this type of fraud.
Earlier this month, arts & crafts chain Michaels Stores disclosed that crooks had tampered with point-of-sale devices at store registers as part of a scheme to steal credit and debit card numbers and associated PINs. But new information on the investigation shows that stores all across the country have since discovered compromised payment terminals.
As a rule, I tend to avoid writing about reports and studies unless they offer truly valuable and actionable insights: Too often, reports have preconceived findings and that merely serve to increase hype and drum up business for the companies that commission them. But I always make an exception for the annual data breach report issued by the Verizon Business RISK team, which is so chock full of hype-slaying useful data and conclusions that it is often hard to know what not to write about from the report.
ATM skimmers, or devices that thieves secretly attach to cash machines in order to capture and ultimately clone ATM cards, have captured the imagination of many readers. Past posts on this blog about ATM skimmers have focused on their prevalence and stealth in attacking cash machines in the United States, but these devices also are a major problem in Europe as well.
