Your favorite breakfast pastry apparently serves as more than just a morning snack.
A Bulgarian national traveling to Germany on a bus this week was detained when Bulgarian customs officials found disassembled skimmer components in his suitcase. Two skimmer mouths were concealed in croissants, while other parts were stowed in a medicine container and plastic boxes.
It’s hilarious, I know. But humor aside, more financial institutions than ever are losing money to ATM fraud. ATM skimming is one of the banking industry’s fastest-growing crimes.
Criminals use covert tools to steal consumers’ credit card information and record PIN numbers for counterfeit purposes. Thieves are getting smarter by adopting more sophisticated tactics such as Bluetooth-enabled wireless skimmers. To protect customers, banks must stay at the forefront of fraud technology to combat ATM skimming.