Sunday 30 May 2010

German Police publishes ATM Crime Numbers

The german federal police has published the 2009 numbers for ATM fraud. 964 ATM machines have been manipulated, that#s 20% more than 2008. Usually the PIN is spied out and the magnetic stripe data of the banking card is read. The data is transferred via a wireless connection who make a copy of the card and use that at another ATM.

Usually customers won't note the manipulations. Removing the magnetic stripe would improve the situation, but note that the cards must be authenticated with a real challenge-response protocol if a real security improvement is the target.

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