Archive for the ‘Credit Card’ Category

Data Skimming Ring Busted By Risk Management System

July 30, 2007

The scam worked like this: as they entered a store, one of the men distracted a clerk while the others swapped the store’s PIN-pad terminals with nearly identical devices that had been electronically altered to capture customers’ account numbers and PINs, a process that took as little as 12 seconds, according to a statement released July 13 by the U.S. Attorney’s Office for the District of Rhode Island. Several days later, the men returned to the store, replaced the original terminal, and made off with the altered one containing customers’ account information.”

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New Credit Cards May Leak Personal Information

February 16, 2007

“You may be carrying a new type of credit card that can transmit your personal information to anyone who gets close to you with a scanner.The new cards–millions of which have been issued over the past year–use RFID, or Radio Frequency Identification, technology. RFID allows scanners to use radio signals at varying distances to read information stored on a computer chip.”

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