March 25, 2010: Would You Have Spotted This ATM Fraud?
The series I’ve written about ATM skimmers, gas pump skimmers and other related fraud devices have become by far the most-read posts on this blog. Card skimming, where the fraudster affixes a bogus card reader on top of the real reader, accounts for more than 80 percent of ATM fraud.
I put this gallery together to showcase the entire series, and to give others a handy place to reference all of these stories in one place. Pictured here is what’s known as a skimmer, or a device made to be affixed to the mouth of an ATM and secretly swipe credit and debit card information when bank customers slip their cards into the machines to pull out money. Last week, I had a chance to chat with Rick Doten, chief scientist at Lockheed Martin‘s Center for Cyber Security Innovation.
Click the headline or the image associated with each blurb for the full story. Skimmers have been around for years, of course, but thieves are constantly improving them, and the device pictured below is a perfect example of that evolution. 6, 2009, attached to the front of a Citibank ATM in Woodland Hills, Calif. Doten has built an impressive slide deck on ATM fraud attacks, and pictured below are some of the more interesting images he uses in his presentations.
Secret Service estimates that annual losses from ATM fraud totaled about $1 billion in 2008, or about $350,000 each day.
The vendor of this skimmer kit advertises “full support after purchase,” and “easy installation (10-15 seconds).” But the catch with this skimmer is that the price tag is misleading. In July 2011, a customer at a Chase Bank branch in West Hills, Calif.