Indictments have been filed against a Bulgarian tourist for defrauding Bank Leumi ATMs, as well as an Israeli resident for ...

[David Cranor] has found a way to fool a magnetic stripe reader using a hand-wound electromagnet and an iPod. The data on a card is read and stored on a computer, then encoded as a WAV file using ...

Skimming scams have continued to be on the rise, according to data analytics firm FICO, which noted a 96% increase in such ...

Magnetic stripe credit cards carry a high risk of fraud through skimmers that criminals add to card readers at ATMs, retail stores and gas stations. These devices “skim” and record your card ...

A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment ...

If you are an SBI customer still using the old magnetic stripe debit card ... all the banks under its umbrella to replace the old ATM cards with the new EMV chip based cards.