Credit card fraudsters are winning.
Good old Brian Krebs has the scoop on a new card skimmer found in Europe. How is it different? It literally fits right into the card slot of any ATM, essentially allowing unfettered access to cards as they slide through. Add in a tiny camera and you’ve got a complete card cloning system.
via This New Card Skimmer Is Almost As Thin As A Credit Card | TechCrunch.
Credit card fraud news story.
For American consumers, some specialists say data breaches are the new normal. More than 500 data breaches — not just of financial information, but of passwords, e-mail addresses, and personal information — occurred in the United States in the first half of 2014 alone, roughly on par with 2013 and 2012, according to Risk Based Security, a Virginia consulting firm. Worldwide, there were 76 breaches that exposed credit card numbers over that same period.
via Little fraud — but reason to worry — after major credit card hacks – Business – The Boston Globe.
