Posts Tagged ‘ATM’
IN THE HEADLINES: Inside Jobs Becoming More Organized
Posted by: Neal OFarrell in: ● January 5, 2012
As a follow-up to a recent blog, and as yet another example of how easy and yet devastating dishonest insiders can be, authorities recently announced the indictment of more than 50 people in a massive identity theft scam that relied on corrupting many trusted insiders and employees. Over an eighteen month period the gang managed [...]
IN THE HEADLINES: Google Wallet — An Update
Posted by: Neal OFarrell in: ● September 30, 2011
It’s been a few months since I blogged about the announcement of Google Wallet, Google’s ambitious plan to replace credit cards, checks and other payments with a simple app on your smart phone. Well it’s here now, even if just in a limited way, and we have a better idea of what Google Wallet security [...]
IN THE HEADLINES: A New Way to Steal ATM PINs
Posted by: Neal OFarrell in: ● September 9, 2011
Researchers at the University of California at San Diego recently released the results of an intriguing hack against ATM PIN pads, but while their attack used a camera to steal user passwords, it’s not the kind of camera you might think. The researchers invited 21 volunteers to enter 27 randomly generated PINs in both metal [...]
IN THE HEADLINES: Is Point-of-Sale the Point-of-Entry for Hackers?
Posted by: Neal OFarrell in: ● March 18, 2011
We’ve spoken many times about the growth of skimming, and how thieves are able to steal millions of dollars by tampering with ATMs and gas pumps. Criminals may now be widening their focus to include Point- Of-Sale, or POS systems, especially those used by smaller firms. Security firm Trustwave recently claimed that its research indicated [...]
IN THE HEADLINES: Skimming Cases Spread Across the Country
Posted by: Neal OFarrell in: ● January 28, 2011
Last week I wrote about how the sleepy California town of Sierra Madre had fallen victim to a skimming attack that netted more than 400 victims at just one local gas station. And almost every day since then I’ve seen more stories emerge about skimming attacks across the country. Just this week, authorities at the [...]
IN THE HEADLINES: Massive Skimming Scam Leaves Law Enforcement Puzzled
Posted by: Neal OFarrell in: ● January 18, 2011
Sierra Madre is a small Southern California town in the foothills of the San Gabriel Mountains that has been suddenly thrust into the national spotlight as a crazy story about an ambitious skimming scam has law enforcement focused on one of the city’s few gas stations. What probably drew law enforcement’s attention to this quaint [...]
IN THE HEADLINES: Banks bombarded by Cyber Attacks
Posted by: Neal OFarrell in: ● November 19, 2010
When it comes to security, it seems like banks just can’t catch a break. You’re probably familiar with the war taking place between banks and Trojans, a nasty new generation of malware that has wreaked havoc on bank security. And as if they didn’t have enough to worry about, skimming attacks on bank ATMs are [...]
IN THE HEADLINES: A Flash Mob of Identity Theft
Posted by: Neal OFarrell in: ● November 16, 2010
A few weeks ago I wrote about how a gang of cyber thieves managed to steal nearly $10 million in a coordinated attack by dozens of accomplices and money “mules,” on 2,300 ATMs around the world. The military-style attack involved gang members working together in more than 200 cities, and they managed to pull off [...]
The Price of Convenience
Posted by: Anne Madrid in: ● October 4, 2010
I realize I am dating myself, but when I started banking, as a teen, Automatic Teller Machines (a/k/a “ATMs”) were the latest and greatest, high tech banking contraption. Using an ATM card was far more convenient than writing a check to “Cash”, as long as you kept the receipt and remembered to record the withdrawal [...]
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