ATM Skimming Threats Evolve
May 12, 2011
Total Loss:
$278,000
A federal court in Newark, N.J., last week convicted a Bulgarian man for his role in a cross-border, $278,144 ATM fraud scheme that led to the compromise of nearly 350 bank accounts.
Viktor Kafalov, 28, pleaded guilty to charges of conspiracy to commit bank fraud and aggravated identity theft. He could be slapped with fines totaling $1 million and up to...
Source:
Bank Info Security
Posted in:
Debit Card Fraud