Fraud fighters have spotted a new form of ATM skimming device that is so small it's easy for the human eye to miss.
The European ATM Security Team, a nonprofit organization that collects information on ATM fraud, reported this month that one of its country member representatives had discovered these so-called mini-skimmers. The fraudsters behind them are likely to send the stolen card data to the United States, where the information is easier to use since the EMV chip-and-PIN card security standard has not been adopted here. (Old-fashioned magnetic stripe cards are much simpler to create than newfangled EMV cards.)
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