Cybercrooks Target ATM And Debit Cards, Steal Billions

Thieves, many of them using the Internet to acquire account numbers and PINs, used lax security to bilk 3 million consumers of $2.75 billion in the last year, a research firm said Tuesday.

The problem, said Gartner research director Avivah Litan, is that half of the country’s banks don’t use secondary security codes that can be placed on an ATM or debit card’s magnetic strip. Full Story

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