Beware of Fake ATM's

Beware the stand-alone ATM, which criminals can purchase online and set up in a public spot for stealing people's account information. Even bank ATMs can be made unsafe.

The more I talk to data-security experts, the less technology I want to use. The latest convenience I've given up? Stand-alone ATMs.

If you want to know why, just hop on over to eBay and Craigslist and type in "ATM." Availability varies, but often you can find machines for sale that cost just a few hundred bucks.

Bad guys can buy these, get a computer programmer to rewrite the code and set them up just about anywhere to collect people's card information and PINs. Sometimes the machines actually dispense some cash, but often they're set up just to display an error message -- after stealing your data.

 

This has been going on for a while now, but a bad economy seems to mean more ATMs are available as more businesses that own them go belly-up. Hence, more opportunities for crooks.
"It's easier to get the ATMs . . . and it doesn't require tremendous programming skills" to set them up, said Avivah Litan, a security expert at consulting firm Gartner Research. "The hardest part is finding the right location."

They might just park it on a ... Read the entire article.

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