Ingenious Cash Card Fraud
Author: iDH Staff
Italian thieves have managed to pull off the world's most ingenious cash card fraud. A perfect replica of a bank cash dispenser was glued on top of the real thing and swallowed cards inserted by unsuspecting customers when they tried to withdraw money.
Police say that the thieves collected 104 cards before staff at the bank, in Busto Arsizio, near Milan, were alerted.
Normally a stolen bank card is useless without the owner's Personal Identification Number. But the thieves programmed their fake machine to request the customers' PIN numbers before telling them the card had been accidentally demagnetized and was being retained.
After collecting the cards, the thieves then spent the night withdrawing money
from genuine cash dispensers. money with the credit cards and the right PIN numbers. They were obviously electronics experts."
