Wednesday, June 10, 2015

The Daily Stat from Harvard Business Review

June 10, 2015


This ATM Is on Bank Property, So It Must Be Safe, Right?


Thieves have long stolen consumers’ data by installing illegal devices on stand-alone cash machines in malls and restaurants and thereby capturing information from debit cards, but now even machines on banks’ own premises are falling prey to this so-called “skimming” technique. Thefts of debit-card data at ATMs located on bank properties rose 174% between last year and this year, according to the Wall Street Journal. Thieves sometimes even install tiny cameras that record images of cardholders entering their personal identification numbers.




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