07 Jan '12, 10pm

ATM fraud: Stealing ATM card data is all too easy, experts say; attacks can happen at shops too

Making a cloned card is a three-step process, says security company Fortinet's regional technical manager Eric Chan. The first is to steal the personal information stored in the ATM card's magnetic strip. A thief can install a device to read the information over the slot entrance of an ATM machine. Called a card reader, it looks similar to the slot entrance, thus fooling a cardholder. The next step is to transmit the data either wirelessly or via Bluetooth to a computing device. Alternatively, the data can be stored on the card reader, which is later removed by the criminal. The final step is to steal the PIN. To do this, a pinhole spy camera is lodged in the card reader or installed on a nearby surface to surreptitiously capture the numbers as they are keyed into the ATM machine. If the cameras are wireless, they can be inconspicuous because there would be no trace of cab...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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