A Romanian hacker that has been jailed for his involvement with a criminal gang that planted ATM skimmers and stole card information has designed a new device aimed at preventing the very same type of theft.
A four-count federal indictment was unsealed in Brooklyn charging eight defendants with participating in two worldwide cyberattacks that inflicted $45 million in losses on the global financial system in a matter of hours.
European ATM Security Team (EAST) has published its first European Fraud Update for 2013.
Four-digit banking PINs are usually randomly assigned by banks after the issuing of credit and debit cards, but there are still some out there that let its customers choose their own PINs so that they might remember them more easily.
Three men allegedly responsible for a ATM skimming spree that resulted in the theft of debit card numbers of nearly 1,500 individuals and the loss of over $285,000 in fraudulent transactions have been indicted by the Manhattan District Attorney.
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