Saturday, September 16, 2006

New ATM Scam

There has been a lot in the news recently about debit card breaches and ATM skimming, but here is something new. In Virginia Beach - an unknown person - reprogrammed an ATM by punching in a series of numbers - which made the machine issue four times as much money as it should.

The Police are having a hard time investigating it because it took nine days before someone reported getting more money than they should.

I wonder if all the people - who didn't report it - will have to pay the money back?

Story from AP (Associated Press), here.

Here is a previous story, I did on ATM skimming:

ATM Machines That Clone Your Card

9-22-06 (Update): Tom Fragala (Truston) did a post on how easy this was to do - AND the how to "info can be downloaded on the Internet - here.

My comment is , "ouch!"

1 comment:

prying1 said...

The Police are having a hard time investigating it because it took nine days before someone reported getting more money than they should.

Nine days for them to audit the machine? I tjhought those things kept track of the funds at least with a daily talley via Internet. And then I guess it was only audited because of one citizen knowing he would have to pay it back. - I'm sure the records in the machine will stand up in court. Plus they have cameras...