I’ve been spending some time with U.S. bankers lately and learned that good old fashion ATM skimming attacks are on the increase. And this time the attacks don’t represent one-off events where a skimmer or two are placed on a few ATM machines. Instead, there is strong evidence of Eastern European gangs conducting well-organized and larger-scale attacks that involve sticking skimmers on lots of ATM machines, Point-of-Sale and gas-pump card readers all within a defined geographical area. States like Indiana seems to be getting more than their fair share of such attacks.
These and other similar events are driving increased interest in debit card fraud detection system; however it’s difficult for banks to tune these systems so that they don’t inconvenience good customers by rejecting legitimate transactions. Perhaps Chip cards will be implemented in the U.S. sooner than expected, if these trends continue.
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