ATM skimming on the rise
The number of ATM skimming crimes in Russia shoot up ninefold to 362 in Q1 of 2012 compared to only 40 in Q1 of 2011, reports the Russian Europay Members Association (REMA). Such rapid rise in skimming crimes comes somewhat expected as the numbers for Q4 of 2011 (184) were up by 460% already. This information is based on data provided by the REMA’s 20 largest banks, which control approximately 90% of all 184,000 ATMs in Russia.
ATM skimming is a type of fraud, where a victim’s bank card information is electronically recorded while the victim uses an ATM machine. The collected information is then transferred onto a fake bank card, which is either used by the perpetrator or sold on for profit to a third party.
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