Skimming Threat Landscape: Technology Advances Lower Barriers of Entry for Novice Skimming Operators

guest · May 24, 2019

Skimming Threat Landscape: Technology Advances Lower Barriers of Entry for Novice Skimming Operators
May 23, 2019
https://www.advanced-intel.com/blog...rriers-of-entry-for-novice-skimming-operators

Skimmers are microelectronic spying devices which are planted into automated teller machine (ATM) and/or point of sale (PoS) terminals to steal track information from a card magnetic stripe. This information is a cornerstone for any card-present fraud operation, also known as "real" or offline carding.

Newer technologies advance help reduce barriers of entry: "lone-wolf" cybercriminals craft cheaper and simpler skimmers without the historical dependence on the well-established trusted criminal networks.
Conclusion & Outlook
AdvIntel subject matter experts assess with a high degree of confidence that skimming technology will be continued to be upgraded to bypass new defenses with the trend towards decentralized skimming operations with the lowered barriers of entry for novice skimming operators.
Moreover, considering how organized and internationalized Russian physical carding networks are the most developed solutions will most likely be used for cashout in the Western Hemisphere due to higher revenues.
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