ATM Security A "Thing Of The Past"?
Knowledge about ATM security is the key to keeping you safe from identity theft and the credit card scams that have devastated so many families.
The one scam that has increased significantly and is growing in enormous proportions is the ATM scam.This scam has also become very sophisticated as to how the thief accomplishes his crime. - I live in California and there is a new ATM scam that is gaining strength and victims. The amount of victims is extreme and climbing.
- This particular ATM scam concerns gas stations. Unfortunately, we all have to use gas stations, so this identity theft scam affects all of us.
Suspects rigged ATM card readers at gas station pumps throughout the area to steal PIN and card numbers by using their own cameras. Five victims of this ATM security scam have been identified at this time, and the number is expected to grow in alarming numbers before this is all said and done. See nigerian scams and grant scams for more.
Two New Types Of ATM Security ScamsBank ATM Security ScamIdentity theft scams also hit ATM’s. A highly organized group of criminals is installing equipment on legitimate bank ATM machines to steal both the ATM card numbers and PIN numbers. Check here for more identity theft scams.
Mobil’s SpeedpassIt’s amazing how many identity theft scams keep evolving. Another very high-tech scam uses a Speedpass key tag to charge gas. Exxon/Mobil stations are one of the places that have this technology at the moment. - The face of the gas pump contains a tiny chip called RFID, (radio frequency identification), this chip is also being added to other credit cards, passports etc.
- The person waves the Speedpass key tag across the front area of the gas pump or convenience store terminal. The chip is then activated from a signal in the gas pump.
A professor from John Hopkins University, and some of his graduate students, ran their own test and found a security flaw. - A laptop equipped with a special receiver is tucked away in a bag for easy use, and all the thief has to do is walk down the street and gets the laptop within 6” of someone carrying a Speedpass in his or her pocket or purse.
- In just ¼ of a second the laptop grabs the Speedpass account information. You don’t even have to touch the person.
- Data is encrypted, but the students found it was an easy code to break. It took about 25 minuets.
- They call this an “electronic pickpocket”. The thief then goes and gets gas and/or all the goodies you can buy in the gas station store with the Speedpass information they stole from you.
- Mobil claims thieves haven’t tried this before and, if it happened, the customers wouldn’t have to pay. Mobil stated it was a non-issue.
Protect yourself and don’t become vulnerable to all the different ATM scams making the rounds.
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