New York police are on the hunt for a gang of thieves accused of using ATM skimming technology to steal account details and PIN numbers before withdrawing over $500,000.
According to local press reports, the gang installed skimming devices and cameras on ATMs at two branches of Sovereign Bank in Staten Island.
The skimmers stole bank account details from mag-strip cards, with the cameras recording PIN numbers. The gang used this information to create card clones and make withdrawals.
Over 250 bank customers were affected and are now being reimbursed by the bank.
The police say bank surveillance cameras have captured images of three gang members, who are still at large.
ATMs on Staten Island rigged for identity theft;bandits steal $500G - New York Daily News
Competitive (base, bonus, benefits)London, UK
© Finextra Research 2014