DailyDirt: ATMs Are Ripe For Picking...

from the urls-we-dig-up dept

Thieves are getting more clever about stealing money from ATMs. It used to be that people mostly just had to worry about getting robbed while getting cash at an ATM. In 1998, Joseph Zingher, a Chicago businessman, even patented a "reverse PIN system" called SafetyPIN that would alert police when a cardholder at an ATM entered their PIN in reverse. The idea was that if someone was being forced to withdraw money at an ATM, they could silently alert the police with this "panic code." Unfortunately for Zingher, he was never able to convince the banking industry to adopt his SafetyPIN system. Now, people have to worry about ATM card skimming and other high-tech theft methods. Here are a few examples of some recent ATM theft methods. If you'd like to read more awesome and interesting stuff, check out this unrelated (but not entirely random!) Techdirt post via StumbleUpon.
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Filed Under: atm, crime, criminals, fraud, robbery, schemes, skimming, theft, urban legend


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