Debit Card Thieves Get Around PIN Obstacle

["Fergie" <fergdawg () netzero net>]

More on this whole Citbank, etc. breach, via MSNBC.

[snip]

With consumers around the country reporting mysterious fraudulent account withdrawals, and multiple banks announcing 
problems with stolen account information, it appears thieves have unleashed a powerful new way to steal money from cash 
machines.

Criminals have stolen bank account data from a third-party company, several banks have said, and then used the data to 
steal money from related accounts using counterfeit cards at ATM machines.

Criminals have stolen bank account data from a third-party company, several banks have said, and then used the data to 
steal money from related accounts using counterfeit cards at ATM machines.

The central question surrounding the new wave of crime is this: How did the thieves managed to foil the PIN code system 
designed to fend off such crimes? Investigators are considering the possibility that criminals have stolen PIN codes 
from a retailer, MSNBC has learned.

[snip]

More here:
http://www.msnbc.msn.com/id/11731365/

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg () netzero net or fergdawg () sbcglobal net
 ferg's tech blog: http://fergdawg.blogspot.com/


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