Gartner warns of 'PIN block' hacking scams

Recent automated teller machine (ATM) fraud cases involving Citibank and other banks points to a new wave of "personal identification number (PIN) block" schemes, Gartner has warned.

According to the analyst firm the growing problem was highlighted by the recent case when Citibank issued statements in response to consumer complaints that they were unable use their ATM cards to make cash withdrawals in certain countries (Canada, Russia and the United Kingdom). Citibank said that accounts that were "possibly compromised in previous retailer breaches in the U.S." in 2005 were being monitored for fraud. Gartner warns of 'PIN block' hacking scams - IT Security News - SC Magazine UK

Linked by shanmuga Wednesday, 15th March 2006 12:28AM