1,500 cards compromised

This story comes out of Canada but shows how easily criminals are able to acquire information from ATM skimming devices. If you see anything different about the ATM you are using, do not use it and notify the bank. This ring was able to steal 1,500 peoples card information.

Read more here: http://www.citytv.com/toronto/citynews/news/local/article/190140--1-500-scammed-by-atm-tampering-devices-in-gta-southern-ontario

And another skimming ring surfaces

More places need to offer a system to allow a customer’s card to stay in their possession. Anywhere you hand over your card you are putting yourself at risk. And more often than not, the person skimming your card isn't even the one using it!

http://www.wftv.com/news/news/2-arrested-in-credit-card-skimming-scheme/nJnN8/

3 Arrested With Over 30 Duplicated Cards On Them

Not only did they have 30 duplicated credit cards, these thieves had additional information to help them use these cards: "According to reports, the paper had an account number, birthday, and Social Security number written on it that belonged to an elderly female"

Could you imagine?

read all about it here: http://www.naplesnews.com/news/2012/feb/23/deputies-3-men-caught-with-30-fake-credit-cards/

Skimming Crime Boss Sentenced

Crime boss sentenced to 41 months for overseeing two skimming rings that netted $700,000.00. This case is special as it is a prime example of how skimming devices and criminals are become more and more advanced in their ways. Check out the article below to read all about it.

Click here: http://www.bankinfosecurity.com/articles.php?art_id=4532

The Importance of PCI Compliance

PCI Compliance is extremely important and the cost of becoming compliant is a lot less than paying to solve and resolve a system breach. "Since finding out, Shell has spent about $2,000 locking up, cleaning and protecting their PCs."

check out story: http://www.myfoxtampabay.com/dpp/news/local/hillsborough/restaurants-hit-with-credit-card-theft-02162012

Waitress looking at 15 years for skimming

A former Waterloo waitress has been sent to prison for allegedly using her customers' credit card information to make new cards. She is looking at 15 years for using a skimming devise to take the cards info and make new ones. Another restaurant that could use the Dine Fraud Free program.

Read about it here: http://wcfcourier.com/news/local/ex-waitress-sentenced-in-counterfeit-card-scheme/article_7e2c8ca5-a25c-5074-8107-7d4a035861dd.html

'On' and 'Off' switch design to avoid credit card RFID and NFC theft

Published on Mon, Feb 20, 2012 at 14:27 | Source : Tech2.com

Updated on Mon, Feb 20, 2012 at 16:44

Gone are the days of heavy wallets, just a couple of cards work fine for the new web-age. Using near-field communication (NFC) and radio frequency identification (RFID) further negates the need to swipe credit cards through an interrogative machine. One has to simply wave the card and the money will be withdrawn from the bank account and the purchases will be made with ease. However, this method could be susceptible to fraud and theft. To avoid this, researchers at Pittsburg Swanson School of Engineering have built an improved method for enhanced security through new credit card design that allows it to turn ‘on’ and ‘off.’

Read the whole story here: http://tech2.in.com/news/science-and-technology/on-and-off-switch-design-to-avoid-credit-card-rfid-and-nfc-theft/283192