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They can use them online to plug it into a website, or they can actually clone a card. They can burn the information onto a blank ATM or credit card and use that out in the wild," said Siciliano.
Much of the fraud involving counterfeit credit, ATM debit and retail gift cards relies on the ability of thieves to use cheap, widely available hardware to encode stolen data onto any card's ...
A Florida man encoded blank ATM cards with the personal identifying and account information of other people that had been stolen during a data breach. Many of those people had high or no limits on ...
Then, a blank ATM card can be programmed with those details and used for fraudulent transactions. Close to €400 million [m] (US$695) of the fraud occurred outside the country was the card was ...