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U.S. Businesses Face Skimming Fraud Increase

By Vigilize | Wednesday, April 28, 2010 - Leave a Comment

According to an article posted by SC Magazine, U.S. banks are grappling with a recent increase in skimming attacks, which are being carried out by Eastern European gangs aiming to steal consumer bank account numbers and PINs, according to a Gartner analyst.

These types of attacks are not new, but the scale and the organization behind them is, Avivah Litan, vice president and distinguished analyst at Gartner, told SCMagazineUS.com on Tuesday. Over the past six months, fraudsters increasingly have been mounting well-organized and systematic attacks that involve placing skimming devices on not just ATM machines — the most commonly targeted device — but also point-of-sale systems and gas-pump card readers.

Read the full article posted by SC Magazine: U.S. Businesses Face Skimming Fraud Increase


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