With debit card fraud on the rise, banks are getting way hardcore about putting stops on accounts if they notice any slight deviation from normal activity. Unfortunately, their customer service desks haven’t kept pace with the uptick.
Joseph is an American student stranded in in Germany after his meagre monies just got jacked via a Citibank security breach, one that Citibank would like to blame him for.
Have the banks wised up?
The mystery third party transaction software provider implicated in the ATM debit card scam scandal may have been named by VISA.
It’s a lot easier than you might think for the Ruskies to start vacuuming funds from your account after they steal the account number and PIN codes from Office Max.
Rest a little easier, the “Russian Connection” ATM scammers have been captured.
The ATM PIN block attacks has other consequences besides just your money getting siphoned off by scammers 2,000 miles away.
Two stories giving some perspective on the ATM break:
Would you like to see something scary?
Ok, so hackers snagged possibly up to six figures of people’s debit card info from an unspecified retailer’s security breach. But who? WHO is the retailer stupid enough to let this happen?
This news is a bit crusty, but we just now noticed it, and it affects us directly, so suck it up. Washington Mutual, who not two years ago pushed a massive ‘The Buck-Fifty Stops Here’ campaign in New York to promote their no-cost ATMs, has—wait for it—started charging ATM fees for non-customers. We certainly don’t recall a huge ad campaign telling everyone the fees were being reinstated after five years.