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What's plane fare to India? They'd have made more profit by being a
bit slower to make successive withdrawals, and trust each other to
transfer the loot and info electronically so they not all have to travel
together. The comments point to some possible misconceptions in the
data, but obviously we need to be able to tell our credit card companies
about our travel plans, so as to have the ability to block our cards
being usable outside the country when we not leaving.<br><br>
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Apparently some UK scoundrels teamed up with a crooked gas station
attendant to nab credit card numbers from <s>CHIP</s> smart card-enabled
credit cards. They then stashed this info on the magnetic strips of phone
cards, and flew over to India to make withdrawals. Since Indian ATMs
don't require the double identification of smart card and magnetic strip,
just the strip, they were able to manage withdrawals from multiple cards
in succession. The gang of four men were caught with $14,000 and 116
credit cards. We're not sure what's to stop another group of clever
hackers making off with another set of credit cards and forever ruining
any hope of security we've managed to hold onto so far.<br><br>
[...]<br>
<a href="http://ces.engadget.com/2006/08/09/uks-rfid-atm-cards-throughly-trounced-by-id-thieves/" eudora="autourl">
http://ces.engadget.com/2006/08/09/uks-rfid-atm-cards-throughly-trounced-by-id-thieves/</a>
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