ATM skimmers are becoming more difficult to detect and more effective at stealing your account info. Some skimmers even have mobile technology allowing thieves to relay stolen card data via text messages. The EMV chip should help reduce this trend, but the US is still many years from having the infrastructure to support the technology.
According to a new report from the European ATM Security Team (EAST), a novel form of mini-skimmer was reported by one country. Pictured below is a device designed to capture the data stored on an ATM card’s magnetic stripe as the card is inserted into the machine. While most card skimmers are made to sit directly on top of the existing card slot, these newer mini-skimmers fit snugly inside the card reader throat, obscuring most of the device.