Atm card cloning news

Here are some recent news articles and updates on ATM card cloning:

Recent Incidents:

  1. India: In January 2023, a gang of ATM card cloners was busted in the city of Hyderabad, India, after they stole over 1,000 debit cards and cloned them to withdraw lakhs of rupees. (Source: The Hindu)
  2. South Africa: In December 2022, a group of ATM card cloners was arrested in Johannesburg, South Africa, after they stole over 100 debit cards and cloned them to withdraw thousands of rand. (Source: News24)
  3. United States: In November 2022, a man was arrested in California, USA, after he was caught using a cloned ATM card to withdraw thousands of dollars from an ATM. (Source: NBC Bay Area)

New Techniques:

  1. Skimming Devices: Criminals are using advanced skimming devices that can capture card information and PINs in a matter of seconds. These devices are often undetectable and can be installed on ATMs, gas pumps, and other card readers. (Source: Cybersecurity Ventures)
  2. Deep Insert Skimmers: A new type of skimming device, known as a deep insert skimmer, can be inserted into the ATM card reader and is nearly impossible to detect. (Source: Krebs on Security)
  3. Card-Not-Present (CNP) Fraud: Criminals are using stolen card information to make online purchases, known as card-not-present (CNP) fraud. This type of fraud is difficult to detect and can result in significant financial losses. (Source: Javelin Strategy & Research)

Prevention and Protection:

  1. Monitor Your Accounts: Regularly check your account statements and report any suspicious transactions to your bank.
  2. Use a Credit Card: Credit cards often offer more protection against fraud than debit cards.
  3. Cover the Keypad: When entering your PIN, cover the keypad with your free hand to prevent cameras or onlookers from seeing your PIN.
  4. Use a Card with Chip Technology: Chip-enabled cards are more secure than magnetic stripe cards.
  5. Avoid Using ATMs in Isolated Areas: Try to use ATMs located in well-lit, secure areas to reduce the risk of card cloning.

Law Enforcement Efforts:

  1. International Cooperation: Law enforcement agencies around the world are working together to combat ATM card cloning and other types of financial fraud.
  2. Sting Operations: Police are conducting sting operations to catch ATM card cloners and disrupt their criminal networks.
  3. Increased Surveillance: Law enforcement agencies are increasing surveillance at ATMs and other card readers to detect and prevent card cloning.

I hope this information helps!