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An article relating to this blog post on Finextra:

International ATM skimming network busted

European authorities have dismantled an international ATM skimming network, arresting 15 people.


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Good job but it does not stop here...

"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.

 

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This post is from a series of posts in the group:

Transaction Fraud Systems and Analysis

A community for discussion of Transaction Fraud systems and anlaytical techniques for bank card and financial services organisations.


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