Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
ATM skimmers steal funds from 90 people
SAN BERNANDINO, Calif. (9/28/09)--ATM card skimming schemes have compromised accounts at Alaska USA FCU and Arrowhead FCU in California and an area bank. Police in San Bernardino County, Calif., where the credit union branches are located, suspect that members’ accounts have been affected from fraudulent use of ATM cards. At least 90 people in the High Desert area have been affected (San Bernardino Sun Sept. 24). Authorities have noticed a spike in thefts in Apple Valley, Hesperia and Victorville, Calif., the newspaper said. Card skimming occurs when a thief places a device on the outside of an ATM. The device captures information from a card’s magnetic stripe when swiped. The skimmers also use video cameras to watch accountholders enter their personal identification numbers. The newspaper provided several tips to prevent fraud:
* Inspect ATMs for unusual devices; * Cover the hand used to enter a personal identification number; and * Check account balances frequently.
Other Resources

RSS print
News Now LiveWire
Goodwill Industries latest to report data security breach http://t.co/gIaXNsT4Bk
4 hours ago
CUNA economist Schenk discusses regulators' focus on interest-rate risk. See CU Magazine: http://t.co/tW1p9rTSSv
6 hours ago
Fed issues annual report on general-use prepaid cards in gov't-administered payment programs. http://t.co/3zPhejSPZt
6 hours ago
Children in foster care face higher risk of identity theft via @NBCNews http://t.co/Dif0hCfBdA
6 hours ago
.@Cornerstone_CUL's leadership conference includes food drive for San Antonio food bank http://t.co/h2O8O4TxuD
7 hours ago