The South African Banking Risk Information Centre (Sabric) recently warned that card fraud is still a big problem in South Africa, with card skimming contributing to the problem.

Criminals use sophisticated technologies and well-hidden devices to catch unsuspecting victims at ATMs.

To date, not much information was available about how these skimmers are installed and worked – but new videos published by Krebs on Security shows how they function.

Krebs on Security explained that operating an ATM skimmer requires two special tools that are sold with it.

  • One tool to set the skimmer in place inside the ATM’s card acceptance slot.
  • Another tool to retrieve the skimmer from the ATM.

In the videos below from Krebs on Security, a skimmer seller demonstrates how his insert skimmers work and how the device allows cards to transit through the ATM card reader while recording their data.

 

 


 

 

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