|A skimming device commonly used for stealing money|
A set of skimming devices includes an ultra-small camera set up with a sighting on the ATM’s keypad, a card skimmer inserted into the card slot, and a keypad skimmer placed over the ATM’s keypad.
This equipment is used to appropriate the PIN code and card number of anyone using the ATM. Afterwards, the criminals will create fake cards and will start to stealing money via ATM withdrawals.
Some new skimming devices are designed to connect to Bluetooth, which means that while standing within 10 metres to the ATM criminals could steal data.
Not only ATMs, but points of sale (POS) equipment widely used in stores can also be rigged by skimming devices. With similar tricks, card holders’ data can be quickly stolen.
|Point of sale—a popular equipment in stores|
In fact, this method is nothing new in Vietnam. For instance, according to newswire Tuoi Tre, on April 24, despite him making no transactions, Hoang Minh Tam (Hanoi) kept receiving notifications that VND94 million ($4,150) was withdrawn from his account through a Sacombank ATM in Ho Chi Minh City’s District 1. Previously, criminals also withdrew VND24.3 million ($1,070) from an Agribank account through an Techcombank ATM.
In April 2017, a team of Chinese high-tech criminals used 110 fake ATM cards and skimming devices to steal VND320 million ($14,096) in Hanoi. At the final withdrawal on April 23 at an ATM in Hanoi’s South Tu Liem district, three of the criminals were arrested by the Vietnamese authorities.
|According to CNBC, skimming methods are becoming more popular and sophisticated. An estimated $2 billion per year is stolen by this trick.|
The Ministry of Public Security’s C50 Division has arrested dozens of suspects on charges of criminal theft and identity theft in ATM and bank card-related crimes between 2015 and 2017, with damages ranging from hundreds to billions of VND.
C50 also stated that most thieves who steal money by using skimming devices are of foreign nationalities, including China, Malaysia, Bulgaria, the UK, and the Netherlands. They commonly target large cities like Hanoi, Ho Chi Minh City, Danang, and Haiphong.
CNBC also stated that card manufacturers and banks are studying a move from magnetic cards to safer chips. However, even with chip cards, there are no guarantees that high-technology criminals will not be able to steal money by more sophisticated methods.
- French tourist who stole more than $70,000 in sophisticated ATM skimming scam is jailed – after trying to RE-OFFEND when he was out on bail
- Local Teacher Facing Charges Of Retail And Identity Theft
- Venezuelan sentenced in $250,000-monthly ATM skimming scheme
- Romanian nationals face further card skimming charges
- 15 Easy Steps To Prevent Identity Theft
- Kylie Jenner models a SKIMS top for sister Kim Kardashian along with tight leather slacks as she flashes a HUGE diamond ring while in a limo
- Microsoft's Your Phone calling feature appears to be available for more people
- Here’s how you can use the new audio sharing feature on iOS 13
- Here are 9 hot deals on a range of smart home devices
- Smart home devices for upgraded heating, lighting and more
- Poco X2 feature revealed: 2 key specifications of Poco F1 successor
- Ather 450X e-Scooter Launched In India At Rs 85,000: 50% Faster Charging & A Host Of New Features
- Long-awaited 'DoubleTake' app that lets iPhone users record from two devices simultaneously rolls out today
- These 3 recommended features weren't on the helicopter carrying Kobe Bryant and 8 others
- Five WhatsApp Features That We Are Waiting For
- New Device Zaps Migraines
- Amazon's Best-Selling Devices Are Over 50 Percent Off Today — Plus, How You Can Get an Echo Dot for Free
- French Soldier Dies in Mali as Explosive Device Detonates - Paris
- Google is making translating into different languages easier with this new feature