Card Fraud: Securing The Physical Theft Details Credit and debit card fraud resulted in losses of approximately $28 billion Skimming & Shimming A single stolen credit or debit card number that sells for $5 on the dark web — add bank account information and values triples How It Works: Scammers gather payment card details to build a spoofed card Skimmers App is connected to a card reader on the device.
A hidden camera or number pad overlay is also used to capture PINs in addition to card data Becoming More Extreme: two fully fake ATMs were found in Brazil in 2013, mounted on top of existing devices.
infographic by: www.computersciencedegreehub.com
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