8 years for skimming customers cards at a restaurant

2 years later the leader of a 6 person skimming ring is sentenced to 8 years. This ring operated in restaurants by skimming customer’s cards and racking up more than $150,000.00 of their money. This is another reason you should be aware of who you hand over your card to and where it ends up going.

http://minnesota.cbslocal.com/2012/01/19/7-suspects-sentenced-for-restaurant-credit-card-fraud/

Understandin ATM Skimming

If you use an ATM on a regular basis, even once and awhile, this is a great article that we had to share with you. Understanding the anatomy of an ATM skimmer scam may help you to avoid being one of the victims.

Article here: www.pcworld.com/article/247235/anatomy_of_an_atm_skimmer_scam.html#tk.hp_fv

Credit Card Skimming- year over year growth

As credit card skimming hits epidemic numbers with year after year growth, some experts are speculating that 2012 will be the "year of the skimmer." Check out the article we found from Bank info Security talking about the vulnerability of the out dated mag stripe.

READ ABOUT IT HERE: http://www.bankinfosecurity.com/articles.php?art_id=4417

How to spot credit card fraud and how to prevent it

We keep is simple- you can spot credit card fraud through phone calls asking private questions about you card information, emails requesting personal information, and ATM and other card reading equipment that is evidently been tampered with. You can prevent it by not using your card places that you are not familiar with and to NEVER hand your card to someone. Following these simple steps will help you to prevent something like this happening to you:

The Edmonton Journal reported on Friday, January 13, 2012:

Skimming operation stole $500,000 off cards

Investigators say chip technology used in a vast card-skimming operation in the city is the most sophisticated they have ever seen, with each machine capable of collecting millions of dollars.

Police confiscated 10 machines designed to collect up to 3,000 card numbers each.

A total of $500,000 was withdrawn from 900 accounts in Edmonton, but thousands of other account numbers collected have not yet been used.

This is one of the largest debit and credit card-skimming operations the economic crimes unit has ever seen.

Numerous banks were affected in this card-skimming operation. The group targeted businesses that use debit-and credit-card machines, and the information from every card run through an altered machine was captured.

A new type of card

Dine Fraud Free will help your establishment from having servers or workers skim your customer's cards. This new card being shown at the Consumer Electronics Show in Las Vegas will reset its number every time you "Turn it on" helping in every other business setting Check it out-
http://money.aol.co.uk/2012/01/12/the-first-truly-theft-proof-credit-card/

Skimming is growing

10 men wanted in a $500,000.00 skimming ring. These skimming reports seem to keep getting bigger and bigger. I remember last year posting about $5,000.00 losses at an ATM or POS system. Now we are posting about $500,000 to $1M heists. Bank robbing has taken a dark turn. Protect your card info by using Dine Fraud Free in restaurants

Read More Here: http://www.edmontonjournal.com/news/Police+seek+card+skimming+fraud/5985768/story.html

When you pull out your card

make sure to check the equipment you are putting it into. ATM skimmers are the tool of choice for modern day bank robbers, only these days, they get your hard earned money, not the banks.

READ WHY HERE: http://informationweek.com/news/security/attacks/232400063