Four Charged with $1.5M ATM Skimming
Bank Info Security reports federal authorities have indicted four men for their alleged involvement in a $1.5 million ATM skimming scheme that targeted Citibank and JPMorgan Chase bank branches in New York, Chicago and Miami. The indictment accuses the team of using different types of skimming technology. One method allegedly involved replacing PIN pads on branch lobby ATMs with manipulated devices that collected card details and PINs as customers entered them. Wireless technology was also allegedly used by the thieves to remotely retrieve the information. Another method is believed to have involved compromising card readers used for 24/7 access to ATM vestibules located outside the branches’ main lobbies. Investigators say the fraudsters then used PIN pad overlays on the ATMs housed inside the vestibules to capture and record PIN details.
