2 ms·
This is really sad. “The investigation focused on illegal skimming, particularly the high-volume cash-out sequence at ATMs near the start of each month when El
by adolph 4y ago
This is really sad.
“The investigation focused on illegal skimming, particularly the high-volume cash-out sequence at ATMs near the start of each month when Electronic Benefits Transfer accounts are funded by California.”
Armed with a victim’s PIN along with stolen card data, thieves can clone the card onto anything with a magnetic stripe and use it at ATMs to withdraw cash, or as a payment instrument at any establishment that accepts EBT cards.
Even after the police officer assigned to the victim’s case confirmed they found a skimmer installed at the 7-Eleven store she frequented, her claim [for reimbursement] — which was denied — is still languishing in appeals months later.
- trasz 4y agoI’d say the real problem is not the technical insecurity - that’s a result. The real problem is in the last paragraph: the fact that banks are incentivized to use insecure mechanisms by being able to shed any responsibility simply by denying customers claim.