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by ChuckMcM 4640 days ago
This is another interesting case because it points out how vulnerable this part of the financial transaction chain is. Of course even after they catch the guys who were installing the skimmers they don't get the 'top' guys who make the fake cards and then withdraw funds in Serbia.

I did see a talk where the folks noted (but did not remove) such devices and then began tracking every account that went through the modified device. This was to figure out who the bad guys were. By watching the fraudulent transactions that happened later they were able to roll up a carding group in the Baltics. But it does take a more proactive approach.

From a future products prospective the use of cards with embedded processors seems better and better.