Monday, July 19, 2004

15 billion ATM transactions handle more than $1 trillion a year


"Authorities also are seeing skimming devices that allow thieves to capture PINs -- personal identification numbers -- and magnetic stripe information using external 'parasites' on ATMs. "

Gannon said the hackers use skimming devices to read the data on a card's magnetic stripe while a camera records the personal identification numbers as they are punched in. The information can be beamed for several miles, he said.

"Bad guys can now sit in a parking lot with an antenna and intercept signals from ATMs, then transfer them anywhere," he said.


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