Men pocket $1.5m in alleged ATM skimming spree
June 7, 2011
Total Loss:
$1.5 Million
Four men have been charged with stealing $1.5 million from banks by using electronic devices to secretly record personal identification numbers as customers entered them into automatic teller machines and other gear.
Most of the skimming devices used in the 14-month spree involved the use of fraudulent pads that customers use to enter their account PINs before engaging in a transaction with a teller. According to an indictment filed in federal court Monday, the men surreptitiously replaced PIN pads in at least seven banks in Manhattan, Chicago and the Miami area with identical-looking devices that recorded ...
Source:
The UK Register
Posted in:
Debit Card Fraud
Account Takeover Identity Theft