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article image31 Austrian bank accounts wiped out by Vietnamese pirates

By Anne Sewell     Jul 4, 2014 in Crime
Horn - The latest in ATM fraud has arisen in Horn, Lower Austria, as criminals operating from Vietnam use ATM skimming to wipe out the accounts of 31 bank users, including their overdrafts. They took more than 100,000 euros ($136,000) in cash.
Apparently the group involved are specialists in ATM fraud and international "skimming," according to the Austrian tabloid Heute. Reportedly police believe that the same gang of pirates hit accounts in Krems, Lower Austria, back in May this year.
The process they use is sophisticated and requires the criminals to initially be on the scene in Austria. It involves placing a second keyboard over the ATM's existing one and placing a magnetic strip reader in front of the card slot.
As people use the ATM, the illegal system then captures both their account number and PIN.
Once this information was at hand, the criminals then created fake bank cards, which were used at ATMs in Vietnam to draw cash from the affected accounts via the international banking network.
Storing cash under the mattress becomes more attractive than ever these days.
Austrian sources:
The Local
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