Among the latest tools use by felons to carry out fraud are skimming
ActivEdge approaches skimming
from a different angle, literally, by requiring users to insert cards into the reader via the long edge, instead of the traditional short edge.
The CBB wishes to warn banks to remain vigilant to such attempts of skimming
at ATMs and ensure that adequate security and other pre-emptive measures are taken to ensure the safety of ATM debit/credit card users and prevent any incidents of skimming
In 2010, cashpoint crime - including card skimming
- cost a total of pounds 33.
Kostov was charged with conspiracy to commit access device fraud and aggravated identity theft, in connection with a scheme to use small cameras and ATM skimming
devices to obtain debit and credit card account numbers and personal identification numbers.
She said: "In February and March more up-to-date skimming
devices were rolled out, but they were stopped completely in May and June.
The South African Banking Risk Information Centre (Sabric), reports that 189 hand-held skimming
machines and 36 ATM-mounted skimming
devices were retrieved throughout the country in 2010.
The trend of the majority of losses due to skimming
occurring outside of EMV liability shift areas continues.
Many of our clients operate ATM networks in particularly hard-hit regions," said Karen Postma, TMG's senior cards risk manager, referring to rise in skimming
attacks along the East and West Coasts.
The state also ordered 23 new skimming
vessels from local yacht builder, Trinity Yachts, that will be paid for by BP.
devices clone the details of credit or debit cards so that counterfeit cards can be made, while a camera also records the card's Pin as the holder types it in.
Part of the skimming
device reads information from magnetic strips in cash cards.