(USA Today) — Thieves are using high-tech skimmers to steal account information at automatic teller machines — and victims don’t know they have a problem until they see their statements. “If it’s done correctly you would not notice that anything looks amiss,” Krebs says. In a traditional skimming scam, thieves place a card-skimming device into the card […]
(CNNMoney.com) — As Congress debates the new rules of the road for the U.S. banking industry, some lawmakers have an ambitious proposal: They want to cut ATM fees. Last week, a trio of Democratic senators led by Iowa’s Tom Harkin proposed capping automated teller machine fees at just 50 cents. Read More…
(Washington Post) — Cases of a hard-to-detect form of credit card fraud are showing up more frequently in the Washington region, police say, including a recent case in Rockville, where a skimming device that reads encrypted credit card data was found in a Wachovia bank branch ATM. A credit card skimmer is a device that […]