Analysts say ATM systems highly vulnerable
By failing to scan security codes in the magnetic strips on ATM and debit cards, many banks are letting thieves get away with an increasingly common fraud at a cost of several billion dollars a year.
A report Tuesday from Gartner Inc., a technology analyst firm, estimates that 3 million U.S. consumers were victims of ATM and debit-card fraud in the past year.
By Brian Bergstein at BusinessWeek.
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