Report: ATM Data Theft Soars to Highest Rate in Two Decades
Theft of debit card data at ATMs is rising at an alarming, unprecedented rate, according to a Wall Street Journal report.
The disturbing report found that criminals are stealing data at the highest rate in 20 years at ATMs at banks, stores and restaurants. In fact, incidents at non-bank machines are up 317 percent from last year.
The author of the Wall Street Journal piece, Robin Sidel, told Gregg Jarrett on "Shepard Smith Reporting" today that hackers are often using a tried-and-true method called skimming.
She explained that skimmers are devices that can be placed on the ATM in several different places. They have a tiny camera that records the cardholder entering their personal identification number.
"They create counterfeit cards, which they can then use at a point of sale, at a merchant, or they can use at another ATM," Sidel explained.
Watch more above.
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