The debit cards of hundreds of people in the Canadian city of Windsor have been compromised after crooks tampered with payment terminals in fast food joints, installing Bluetooth technology into the PIN Pads and wirelessly downloading account information.
This story may alarm some consumers, but it isn't actually a new threat. Attacks of this type have been happening for a while, and the Canadian banks and Interac are very aware of the situation. It isn't possible to always block every fraud attempt, but
they use the latest technologies, including comprehensive point of compromise tools, to identify potentially vulnerable cards and stop them before they fall victim to the criminals.
This reminds me of the attack against the Trintech SC5000 in 2005! I would have thought Terminal Manufacturers would have evolved designs to avoid this type of compromise.
© Finextra Research 2013