Thieves have long stolen consumers’ data by installing illegal devices on stand-alone cash machines in malls and restaurants and thereby capturing information from debit cards, but now even machines on banks’ own premises are falling prey to this so-called ‘skimming’ technique. Thefts of debit card data at ATMs located on bank properties rose 174pc between last year and this year. Thieves sometimes even install tiny cameras that record images of cardholders entering their PINs.
(Source: The Wall Street Journal)
Published in Dawn, Economic & Business, June 29th, 2015
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