Boss of ATM Skimming Syndicate Arrested in Mexico

Florian "The Shark" Tudor, the alleged ringleader of a prolific ATM skimming gang that siphoned hundreds of millions of dollars from bank accounts of tourists visiting Mexico over the last eight years, was arrested in Mexico City on Thursday in response to an extradition warrant from a Romanian...

Man Sentenced in ATM Skimming Conspiracy

A New York state man has been sentenced to five years for an elaborate ATM skimming conspiracy that allowed him to steal at least $390,141 from victims. Bogdan Rusu, 39, of Queens, NY pleaded guilty to participating in the scheme, which used secret card-reading devices and pinhole cameras on...

Secret Service Warns of Surge in ATM ‘Wiretapping’ Attacks

The U.S. Secret Service is warning financial institutions about a recent uptick in a form of ATM skimming that involves cutting cupcake-sized holes in a cash machine and then using a combination of magnets and medical devices to siphon customer account data directly from the card reader inside th...

Thieves Used Infrared to Pull Data from ATM ‘Insert Skimmers’

A greater number of ATM skimming incidents now involve so-called "insert skimmers," wafer-thin fraud devices made to fit snugly and invisibly inside a cash machine’s card acceptance slot. New evidence suggests that at least some of these insert skimmers -- which record card data and store it on a...

Fraudsters Stole ¥1.4 Billion from 1,400 Japanese ATMs in Just 3 Hours

In an era where major data hacks are on the rise, it is no surprise breaches on individuals are also up. In just three hours, over 100 criminals managed to steal ¥1.4 Billion approx. US$12.7 Million from around 1,400 ATMs placed in small convenience stores across Japan. The heist took place on Ma...

Beware of Skimming Devices Installed on the ATM Vestibule Doors

Despite anti-skimmer ATM Lobby access control system available in the market, we have seen a number of incidents in recent years where criminals used card skimmers at ATM doors. Few years back, cyber criminals started using card skimmers on the door of the ATM vestibule, where customers have to...

Security Threats Increasing in Sophistication and Precision

IBM’s X-Force 2010 Trend and Risk report showed that as vulnerability disclosures hit their highest level ever in 2010, security threats continued to increase in sophistication and precision. Like the term or not, 2010 may well have been the year of the APT, the term has become familiar to nearly...

Irish Banking Fraud Ring Uncovered

A Moldovan man alleged to be the mastermind behind an international fraud ring that targeted both private and corporate bank accounts has been arrested in Limerick, Ireland, in a joint operation by Gardai and customs officials. According to a report in the Irish Independent, this operation was...

ATM Skimming Technology Advances with SMS

Operating and planting an ATM skimmer can be a risky venture, because the crooks have to return to the scene of the crime to retrieve their skimmers along with the purloined data. Some criminals are now using ATM skimmers that eliminate much of that risk by relaying the information via text...