For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
An article relating to this blog post on Finextra:
European authorities have dismantled an international ATM skimming network, arresting 15 people.
21 Nov 2008
"According to press reports, the investigation began in March after Brussels-based e-payments outfit Atos Worldwide told authorities that cash withdrawals were being made overseas using cards copied from a Belgian cash distributing machine."
Investigations got started because of cards copied from a Belgian cash distributing machine. As this kind of good news is distributed, we should be reminded that this is truly prevalent and busting 15, even 80 will not stop the problem until banks utilize
systems that will make card skimming completely useless for fraudsters.
19 Mar 2009
This post is from a series of posts in the group:
A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.