Many security-savvy readers of this blog have learned to be vigilant against
ATM card skimmers and hidden devices that can record you entering your PIN at
the cash machine. But experts say an increasing form of ATM fraud involves the
use of simple devices capable of snatching cash and ATM cards from unsuspected
users.
Security experts with the (EAST) say five countries in the region this
year have reported card trapping incidents. Such attacks involve devices that
fit over the card acceptance slot and include a razor-edged spring trap that
prevents the customer’s card from being ejected from the ATM when the
transaction is completed.
Beware Card- and Cash-Trapping at the ATM
Security experts with the European
ATM Security Team (EAST) say five countries in the region this
year have reported card trapping incidents. Such attacks involve devices that
fit over the card acceptance slot and include a razor-edged spring trap that
prevents the customer’s card from being ejected from the ATM when the
transaction is completed.
These devices were made to capture the ATM user’s
card after the user withdrawals cash. Credit: EAST.
“Spring traps are still being widely used,” EAST wrote in its most recently
European Fraud Update. “Once the card has been inserted, these prevent the card
being returned to the customer and also stop the ATM from retracting it.
According to reports from one country – despite warning messages that appear on
the ATM screen or are displayed on the ATM fascia – customers are still not
reporting when their cards are captured, leading to substantial losses from ATM
or point-of-sale
transactions.”
Continued reading:
ATM card skimmers and hidden devices that can record you entering your PIN at
the cash machine. But experts say an increasing form of ATM fraud involves the
use of simple devices capable of snatching cash and ATM cards from unsuspected
users.
Security experts with the (EAST) say five countries in the region this
year have reported card trapping incidents. Such attacks involve devices that
fit over the card acceptance slot and include a razor-edged spring trap that
prevents the customer’s card from being ejected from the ATM when the
transaction is completed.
Beware Card- and Cash-Trapping at the ATM
Security experts with the European
ATM Security Team (EAST) say five countries in the region this
year have reported card trapping incidents. Such attacks involve devices that
fit over the card acceptance slot and include a razor-edged spring trap that
prevents the customer’s card from being ejected from the ATM when the
transaction is completed.
These devices were made to capture the ATM user’s
card after the user withdrawals cash. Credit: EAST.
“Spring traps are still being widely used,” EAST wrote in its most recently
European Fraud Update. “Once the card has been inserted, these prevent the card
being returned to the customer and also stop the ATM from retracting it.
According to reports from one country – despite warning messages that appear on
the ATM screen or are displayed on the ATM fascia – customers are still not
reporting when their cards are captured, leading to substantial losses from ATM
or point-of-sale
transactions.”
Continued reading: