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International ATM skimming network busted

21 November 2008  |  9997 views  |  0
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European authorities have dismantled an international ATM skimming network, arresting 15 people.

Good job but it does not stop here...

21 November 2008  |  3175 views  |  0

"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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