What are ATM Skimming Scams?
When a cardholder uses an electronic payment card at a physical location, an ATM skimming scam can occur. Scammers can collect information in a number of ways. Their technology is improving and becoming more difficult to detect.
Identity thieves can use ATM skimming scam techniques to obtain cardholder information and then use it to make fraudulent transactions. Some scammers will simply photocopy or photograph information that can be used illegally.
ATM skimming devices or skimmers designed for use in a variety of situations are also available as more advanced technologies. Scammers can use a small skimmer to swipe a card and collect information from its magnetic strip in a physical location.
Some ATM Skimming devices may also include a touchpad for the thief to enter a security code. ATMs can be outfitted with cameras and overlay touchpads to capture individual personal identification numbers (PINs).
Types of ATM Skimming Devices?
Scammers may use special copying devices at card points of use to steal data from the owner’s card (ATMs, payment terminals, etc.).
The scammers then use the owner’s information to create a card and withdraw money. There are several ATM skimming scam techniques that use various skimmers. The following are some examples of skimmers and scam techniques.
1. Bluetooth Skimmer
These nearly invisible devices receive credit/debit card information and send it to a nearby device via Bluetooth technology. Bluetooth skimmers can be installed right in front of store or gas station employees.
While the other distracts the cashier, the perpetrator can pretend to be a gas station attendant. As a result, the skimmer will silently and inconspicuously collect the PIN code and card data of its owner. A Bluetooth skimmer is also referred to as a wireless card skimmer.
2. Card Skimmer
A credit card skimmer is a device that steals information by reading the magnetic tape on a credit card. Such skimmers are then used to create a card clone for fraud or theft.
These skimmers are attached to ATM card readers and collect information from each inserted card. Users should carefully inspect the card slot for hinged panels and other unusual components to avoid such activities.
3. Black Box Hack
This ATM skimming scam is carried out with the help of special devices known as black boxes. They are single-board microcomputers with custom programming.
Once inside, the criminal opens the casing and connects a device that causes the ATM to dispense all of the cash. A standard smartphone is frequently used to control black boxes.
4. ATM Overlay
Overlays are devices that are placed over the keypad and recognise it using the PIN code entered by the credit/debit card owner. To prevent such crimes, banks instal surveillance cameras.
Scammers place a fake keypad on top of the original keypad on an ATM. The fake keyboard remembers what keys are being typed and sends them to the real keys. The scammers then take the overlay, decode the recording, and extract the cardholder’s PIN number.
They can use the stolen data to create a duplicate of the card. The overlay on the ATMs is almost imperceptible.
5. Hidden Camera
Hidden cameras are attached to or near the ATM (in some cases, cameras are mounted in stands for promotional brochures from the bank).
The ATM keyboard is being filmed with miniature cameras. Designed to keep track of cardholders’ PIN codes. The presence of the camera is indicated by a small depression resembling a black dot. Examine it thoroughly for even the smallest holes and recesses.
When entering the PIN code, we recommend that our readers cover the keypad with their free hand. The most common and oldest method of preventing card skimming scanning is to conceal the keypad.
Note: Tips to Recognize ATM Skimming Devices
A Credit/Debit card reader is difficult for a non-professional to notice. Many bank customers will not be suspicious of the skimmer. This device is attached to the ATM’s body, near the card acceptor.
An ATM skimming scam device normally consists of three parts:
- The reading magnetic head is in charge of reading data from the magnetic strip.
- A miniature scam device that converts read information into a digital code.
- Storage device – A device used to write digital code to a data carrier.
Malware attacks enable scammers to force ATMs to dispense cash while no bank accounts are affected. Ploutus, Cutlet Maker, and other applications are examples of malware.
The malware is spread via a USB flash drive that contains the virus. This attack is similar to the black box attack, except that the scammers do not need to instal any hardware.
Anyone with a bank card is vulnerable to ATM skimming and skimmer devices. Scammers use the information obtained to create a duplicate and use it to make purchases at online stores or completely empty bank account.
In order to protect their customers from fraud, ATM owners must be vigilant. Banks must use current software to prevent ATM skimming scams.
First-hand advantages of such solutions include easy fleet management, simplified security service work, access to photos and video from the scene, and the ability to view video and photos in the event of an ATM skimming scam.
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