How Not to Install an ATM Skimmer

Guy installs drivethrough ATM skimmer. Customer pulls up to use drivethrough ATM, inserts card, and removes said card… with a big chunk of ATM-grey plastic attached.

Skimmer scammer strolls up to salvage the surfeit stuff and scrams.

Back to the drawing board…

Krebs proceeds to point out the proliferation of ATM skimmer scams, extrapolating from the European example that — despite the Secret Service’s silence on skimming — ATM attacks are likely rising even more rapidly over there.

After all, Europe has moved largely to skim-resistant (but not not skim-proof) “chip and pin” technology.

So, protect your cards and inspect ATMs (the only place you should be pulling out plastic on a day to day basis anyway) before using them. Best of all are the ATMs in banks during business hours.

In other news, the Peter Parker of the Internet Undergroud is getting shout-outs from his adversaries (embedded in malware):

“The European ATM Security Team (EAST) earlier this month released annual statistics that show a 13 percent increase in ATM fraud losses at European banks in 2012 over the year prior (see table below).[…]

Extrapolating from reports of increases in monetary losses from ATM skimming attacks in Europe, it’s not hard to see how the U.S. could be faring quite a bit worse. The incidence of ATM skimming in the United States is almost certain way up over previous years. That’s because according to anti-fraud experts in Europe, most card fraud stemming from skimming incidents in Europe is in fact perpetrated outside of Europe. a big reason for this trend is the broad adoption in Europe for a bank card security standard known as EMV (short for Europay, MasterCard and Visa), more commonly called “chip-and-PIN.””

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