{"id":145891,"date":"2016-12-19T09:00:42","date_gmt":"2016-12-19T07:00:42","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=145891"},"modified":"2016-12-17T12:37:28","modified_gmt":"2016-12-17T10:37:28","slug":"watch-how-atm-skimmers-are-used-to-steal-your-money","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/145891\/watch-how-atm-skimmers-are-used-to-steal-your-money\/","title":{"rendered":"Watch: How ATM skimmers are used to steal your money"},"content":{"rendered":"

Security site\u00a0KrebsOnSecurity<\/strong><\/a>\u00a0has published two \u201cpromotional sales videos\u201d showing how ATM skimmers are installed.<\/p>\n

The videos, posted below, are from groups selling ATM skimmers, with Krebs detailing how the devices are used to commit fraud.<\/p>\n

When ATM skimming devices first came to prominence, they were units which criminals placed over the top of a cash machine\u2019s card slot.<\/p>\n

The latest videos show that new skimming devices are designed to be inserted into a card slot and cannot be detected by a visual inspection.<\/p>\n

As shown in the videos, once the skimming device is installed, a bank card can be placed in the slot and then removed without any sign of outside interference.<\/p>\n

\u201cIn a typical setup, insert skimmers capture payment card data from the magnetic stripe on the backs of cards inserted into a hacked ATM, while a pinhole spy camera hidden above or beside the PIN pad records time-stamped video of cardholders entering their PINs,\u201d stated Krebs.<\/p>\n

\u201cThe data allows thieves to fabricate new cards and use PINs to withdraw cash from victim accounts.\u201d<\/p>\n

Cover the keypad<\/h3>\n

The report stated that of the over three dozen ATM skimming systems covered by Krebs, the vast majority used hidden cameras to record a victim\u2019s PIN.<\/p>\n

\u201cCovering the PIN pad with your hand blocks any hidden camera from capturing your PIN \u2013 shockingly, few people bother to take this simple and effective step.\u201d<\/p>\n

The reason ATM skimmers are successful is their use of stealth, with victims never suspecting the ATM they are using has been compromised.<\/p>\n

Fortunately for those who draw cash, Krebs stated that the use of skimmers is still relatively limited.<\/p>\n

\u201cThe truth is, most of us probably have a better chance of getting physically mugged after withdrawing cash than encountering a skimmer in real life.\u201d<\/p>\n