Tag: Skimming

Payment Card Holders Need to Beware of Shimming Attacks

Rather than swiping a payment card, most retailers are switching to chip-based cards in recent months. Unfortunately, this new method of payment which should add more security to the concept of card transactions, has become a target for skimming criminals. This new method, called shimming, is making headway in Canada right now. Experts predict this trend will expand to the United States, and possibly even Europe, in the coming months. …
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ATM Skimming Worries SEPA Zone – Time For Bitcoin?

It goes without saying that protecting the world of finance is a difficult job, as there are so many different possible attack vectors to take into consideration. One of the most recent – and worrying – trends is the increase in skimming attacks on ATMs. Bitcoin ATMs, on the other hand, are not subject to these attacks, as there are no physical cards involved in the process. Also read: American …
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