Hackers prepare supermarket sweep
Found on BBC News on Saturday, 29 November 2008
A BBC investigation has unearthed a plan hatching online to loot US bank accounts via the checkout systems.
The gang plans to copy card details onto the magnetic stripes of fake cards and then use them in UK stores.
"The internet is the global marketplace," he said. "It's not difficult to take compromised cards from one country and exploit them in another. It's a simple and routine procedure for these guys these days."
"We would hope this will bring further pressure on the States to introduce chip-and-pin," said Jemma Smith of the UK payments organisation Apacs.
Actually, that's nothing new. And PIN cards won't solve the problem either. Fraudsters have already put a lot of effort into those and read the magnetic stripes with fake readers which pass the card through to the legal ones; and the PIN is recorded with a tiny wireless camera.