Kumari Palany & Co

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More about ATM exploitation

Posted on: 24/Sep/2016 11:44:10 AM
Kapersky Lab as brought out a report that explains how cybercriminals could exploit new ATM authentication technologies planned by banks.  

ATMs have for years been in the sights of fraudsters hunting credit card data. It all started with primitive skimmers homemade devices attached to an ATM, capable of stealing information from the cards magnetic strip and pin-code with help of a fake ATM pin pad or a web camera. With the implementation of much harder, but not impossible to clone chip-and-pin payment cards the devices evolved into so-called shimmers.

Speaking about this, a senior security experts at Kapersky Lab said, The problem with biometrics is that, unlike passwords or pin codes which can be easily modified in the event of compromise, it is impossible to change your fingerprint or iris image. Thus if your data is compromised once, it wont be safe to use that authentication method again. That is why it is extremely important to keep such data secure and transmit it in a secure way. Biometric data is also recorded in modern passports called e-passports - and visas. So, if an attacker steals an e-passport, they dont just possess the document, but also that persons biometric data. They have stolen a persons identity.