Bitcoin Eliminates Payment Card Skimming & ATM WoesA recent article on KrebsonSecurity showcases a video of how an ATM skimmer works in real life. These small devices are usually hidden within a cash machine’s slot where consumers insert their cards. As long as the skimmer is present, they can read all of the information stored on the card, including the magnetic stripe on the back.
Deep insert skimmers are becoming the new norm in this illegal circuit. What makes these devices even more dangerous than ordinary skimming hardware is how they are a lot smaller, and can be inserted much deeper into the machine. Consumers would not even notice the device being there, especially when considering how these devices sit right on top of the magnetic stripe reader.
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https://news.bitcoin.com/bitcoin-card-skimming-atm-woes/
