Dec 30 2009

ATM bandits hack security

Category: pci dss,Security BreachDISC @ 11:31 pm

ATM at the secretary of state in Portage, MI
Image via Wikipedia

Overseas gangs have cracked the code of ATM anti-skimming devices in Australia just two months after their roll-out.

ATM Security Breach News Video

Overseas gang has cracked the code of ATM using skimming devices in Australia, where bank customers are defenseless against organized crime unless they check ATM themselves against any sign of tempering.

Awesome Aussies in the game of cricket but their banking system still use magnetic stripe rather than magnetic chip which make it as an easy picking for the overseas gangs

Tags: Australia, Automated teller machine, Bank, Banking Services, Banks and Institutions, Financial services, Magnetic stripe card