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POS Skimming Devices Target Debit Card Readers

Tags » Card Fraud, Point of Sale (POS)

Joseph Pereira reports for the Wall St. Journal on how merchants can be vulnerable to fraudsters attaching mag stripe skimming devices to the merchant's own point of sale systems or, amazingly, simply replacing a merchant's POS terminal with one modified by the fraudster to capture card mag stripe and PIN data - as illustrated by Stop & Shop's recent experience. Pereira cites a recent Gartner study that concluded that eighty percent of card data breaches were due to attacks on POS devices.


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