Europol busts global ATM skimmer network
Europol arrested four members of a global criminal network allegedly responsible for placing ATM skimmers around European cities and then cashing out on the other side of the world, the international law enforcement agency announced on Thursday. The arrests mark the end of a two-year investigation that spanned the entire European continent as well as South America and Asia. All four arrested men are Bulgarian nationals, Europol said. ATM skimmers are a common tool used by criminals to steal bank account information from unwitting ATM users. The devices are essentially man-in-the middle attacks that catch account information when people dip their cards. Skimmers are often invisible to the eye and extremely easy to make and use. “Years ago it took someone with knowledge and skills to build a credit card skimmer,” Nate Seidle, CEO of the open source electronics firm SparkFun, explained earlier this year. “Now criminals are buying these off the […]
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