North American Network Operators Group

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Re: A couple or advanced references...

  • From: Adrian Chadd
  • Date: Tue Feb 19 04:56:20 2008

On Tue, Feb 19, 2008, Iljitsch van Beijnum wrote:
> On 19 feb 2008, at 7:27, Paul Ferguson wrote:
> >According to the FTC, total consumer fraud losses totaled $1.2
> >billion, with the average monetary loss for an individual at
> >$349.
> >Credit card fraud was the most common form of reported identity
> >theft at 23 percent,
> In many countries in Europe, people pay with debit cards that have a  
> PIN number. You need to both copy the magnetic strip on the card and  
> obtain the PIN to get at someone's money. And that's 1990s, if not  
> 1980s, technology.

And defrauding that is now a bulk produced scam - companies in .asia
mass-producing bar scanning and key input devices customised for various
ATM models.