Hello and welcome to our community! Is this your first visit?
Register

Results 1 to 7 of 7

Bank warns Filipinos vs ATM fraudsters

This is a discussion on Bank warns Filipinos vs ATM fraudsters within the OT Archives forums, part of the Archived Threads category; Culled from Inq7.net yesterday. ------ THE LANDBANK of the Philippines warned people this week against suspected criminal syndicates who were ...

  1. #1
    jha
    jha is offline
    Mac Freak jha's Avatar
    Join Date
    Apr 2004
    Posts
    1,244

    Default Bank warns Filipinos vs ATM fraudsters



    Culled from Inq7.net yesterday.

    ------
    THE LANDBANK of the Philippines warned people this week against suspected criminal syndicates who were installing equipment on automated teller machines in order to steal personal financial information.
    Such equipment can be used to steal both the ATM card number and the personal identification number (PIN) code of users, the Landbank said.

    The snooping equipment allows criminals to receive the information wirelessly as they wait nearby, it added.

    Experts at the Landbank said the equipment used to capture the ATM card number and PIN codes is cleverly disguised to look like normal ATM equipment.

    One piece of equipment, the skimmer is mounted on top of the normal ATM card slot that reads the ATM card number. The skimmer transmits information from the ATM card to the criminals in a car parked nearby.




    Another way to steal ATM card information is through a hidden wireless camera disguised to look like a leaflet holder .This hidden camera is usually mounted in a position where it can directly view the entry of ATM PIN codes, the Landbank said.




    Once they get the information they need, criminal syndicates make copies of the cards and use the PIN numbers to withdraw cash from people whose card information had been stolen.

    Officials at the Bangko Sentral ng Pilipinas were unavailable for comment.

  2. #2
    Apple Genius vicicasas's Avatar
    Join Date
    Apr 2004
    Age
    42
    Posts
    3,162
    Liked
    7 times

    Default

    Wow. Now are we supposed to guard against this kind of sophisticated identity theft?

    Or should we fight tech with tech and carry wifi sniffers or open up our laptops? And not use any ATMs if we detect a wireless signal?

  3. #3
    Judd
    Guest Judd's Avatar

    Default

    i had an experience of a very simple and ordinary trick but a very clever one in the LBC ATM in upper session road in baguio city. my friend tried withdrawing from his atm account, the transaction was processed, the receipt was printed out, but no money was ejected and the atm card was captured. since it was a sunday then, we had no way of informing the bank authorities. we tried talking to the guard on duty, but he was sort of edgy when answering. what we did was we never left the place and I asked a passerby to call up a police officer who was posted at the baguio cathedral.

    but before the officer arrived, I discovered that there was a 6 inch PVC pipe that was jammed at the money slot which prevented the money to be ejected. we later discovered that, upon further investigation, that the guard on duty was in connivance with a few "tambays" there to make this thing happen.

    we never pried the PVC pipe off the machine. what we did was we asked the police officer to call up the bank representative who was manning the BANK counter located in SM Baguio.

    after some verifications, my friend got his withdrawn money and the captured atm card. and accumulated together with his money was a big amount. malamang mga nawithdraw na pinabayaan na ng depositors for a report on the next office day. :x:

  4. #4
    Mac Fanatic alistair's Avatar
    Join Date
    Feb 2005
    Location
    Makati
    Age
    40
    Posts
    936
    Liked
    2 times

    Default

    They should really start dumping magnetic stripes in favor of smart cards (which are harder to 'duplicate')...

  5. #5
    S13
    Guest S13's Avatar

    Default

    better yet, they should go for biometric identification like some banks here in japan where skimming has also become a bit of a problem recently.

  6. #6
    jor
    jor is offline
    Mac Lover jor's Avatar
    Join Date
    May 2004
    Location
    Pnqe, Pasig, QC
    Age
    52
    Posts
    322

    Default

    Originally posted by alistair
    They should really start dumping magnetic stripes in favor of smart cards (which are harder to 'duplicate')...
    Sorry for the dumb question, but what are smart cards?

    Also, shouldn't the banks be responsible for providing security so no one attaches these gadgets to their ATMs? I think this and the basic stick-em-up at the ATM are only possible because there's no real security near the machine. The guards are inside the bank premises whether it's daytime or night time. Sometimes, the ATM is positioned in such a way that the guards can't even see it from their posts.

    [Edited on 8-11-2005 by jor]

    [Edited on 8-11-2005 by jor]

  7. #7
    Mac Addict cyberprince's Avatar
    Join Date
    Oct 2004
    Location
    The Philippines
    Age
    33
    Posts
    1,752

    Default

    Very intriguing. Thanks for the link.

  8.   




 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •