Skimming overlay devices fit over existing EMV-enabled POS devices and exploit customers who opt to swipe instead of dip.
A multi-pronged approach to ATM protection is the most effective way to fight skimming.
Fraud at Southern California 7-Eleven stores and Wells Fargo ATMs prompt some credit unions to block or reconsider member access.
Current security tools are ineffective at stopping even commodity threats, let alone targeted attacks.
ATM manufacturer says it’s aware of the new EMV card skimming device discovered on one of its machines.
A 20-year-old waitress at a Washington state Red Robin has been arrested for alleged credit card skimming and King County authorities give credit to BECU, the $11.5 billion institution in Tukwila, Wash., for the information that broke the case.
Twenty-year-old waitress charged with fraudulently using card numbers from BECU member accounts.
FICO finds old-fashioned skimming leading the way.
Skimming tops the list in 2012, according to global survey from ATM Industry Association.
The $330 million HeritageWest Credit Union said it was an innocent victim in a case involving an equity skimming scheme.