It seems Bali is not only vacation paradise but also the card skimmers Bonanza?!
It was announced by Coconuts Bali, four fraudsters involved into card skimming activity have been arrested. The cash in the value of 0.5 mln USD (!!!) has been seised during the arrest, as in written on the site https://coconuts.co/...
Genetic as the card skimming fighting tool!
Very interesting (and I suggest the efficient) way to fight the card skimmers has been used by the San Antonio (USA) police. The card skimming device has been discovered on the gas pump in San Antonio. The device was processed for DNA and sent to a crime lab. After checking with DNA database investigators were notified that there the DNA was a match with a known person. After ensuring he did not work for the gas station or the company that services the pumps, authorities arrested the fraudster. For more details please click on the link: https://www.mysanantonio.com/...
If you have no Anti-Skimming/Deep Insert Skimming protection plan in place, you have NO CHANCE to protect customers!
I 100% agree with the statement made by Corey Jay King from AGS company, commenting (1) the last skimming attack happened recently in LAWRENCEVILLE, GA where over $60,000 have been stolen from over 100 banks customers due to the card skimming! (2) The story just confirms the card skimming is not yet gone. It is still the important (and efficient !!!) type of card fraud, required active counteraction from ATMs owners site. We at SPL GROUP are offering very affordable and high-efficient anti-skimming technology. Our solution successfully prevents any type of card skimming and provides anti-skimming device monitoring. Please click on...
How Retail Recycler fight cash skimming?
Despite a lot of technology, the “cash shrinkage” has grown in the US in 2017, by 1.44% (1). The “employee theft/internal” accounts for 30%, and “administrative and paperwork error” account for 21.3% of total shrinkage amount (1). Let shortly analyze ways how “cash skimming” is possible in the shop? Your employee working behind the counter decides whether the proceeds from a cash sale go into the register or his pockets. Skimming occurs when cash from a sale is not recorded in your accounting books. (2) There are some well-documented ways, how the “cash skimming” is done: Short-term skimming occurs when...
Anti-Skimming Solution. How to evaluate and avoid mistakes?
There are many anti-skimming solutions vendors on the market, choosing the “right” supplier is a not easy task, especially for less experienced buyer. All devices are more or less the “same” in their functionality (they prevent the cards to be skimmed in ATMs). As a rule only “appearance of devices is different and, of course – the price! The price is a big issue, due to the fact it can differ 3-4 times by different vendors. Is the difference in pricing really shows the difference in functionality and quality? I suppose any vendor will insist it is true, but we in...
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