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Card Trapping, Security Hacks - Industry News Wrap-up – ActivIdentity Blog

Oct 24, 2011 1:16pm | 0 Comment

This week's industry news wrap-up will focus on 'card-trapping,' hackers and IT pros sharing personal information online and the risks of online shopping and banking due to increasing assault on previously secure technology. Here are the stories that caught our attention:

Criminals turn to 'card-trapping' at ATM machines to get cash
No longer satisfied with skimming attacks, criminals are turning to "cash-trapping" activities. This method of fraud involves physically trapping debit/credit cards in ATMs by installing a device that uses tape, wire or thread to prevent the card from being removed – "criminals can then retrieve the cards using tweezers." In addition to the card, the PIN number must be obtained, either through observation or by utilizing an overlay device on the keypad that records PINs. Although success in this type of attack isn’t as successful as skimming, it was quite prominent in 11 European countries during the first half of this year. The European ATM Security Team (EAST) reported a total of 11,220 ATM fraud incidents through the end of June – roughly 6,756 were related to cash-trapping.

Security Study: Hackers, IT Pros Share Personal Information Online
An anti-virus software company recently published results from a study on IT pros', including hackers, willingness to share personal information in online settings. The study found that "people with technical backgrounds are very inclined to disclose sensitive information like addresses and passwords to strangers they meet online, even though they should know better."

Online shopping, banking at risk from increased hacking
SSL technology is crucial to ensuring secure transactions of online shopping and online banking, but due to a vast number of recent attacks, the level of security provided by SSL certificates has come into question. Web browsers using outdated and fraudulent certificates are prime targets for criminal hackers. Not only are consumers being put at risk, but a $680 billion-a-year global ecommerce market is being threatened as well.

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