Over P200M lost to ATM thieves in 2013—BSP | Inquirer Technology

Over P200M lost to ATM thieves in 2013—BSP

By: - Reporter / @MAgerINQ
/ 05:21 PM February 26, 2014

AP FILE PHOTO/Gene J. Puskar

MANILA, Philippines—Authorities on Wednesday  bared during a Senate hearing the  different modus operandi  being used by criminals to steal   information  from  automated  teller machine (ATM) cards  that resulted to  over P200 million stolen deposits last year.

In 2013 alone, the  Bangko  Sentral ng Pilipinas (BSP) recorded   1,272 reports of ATM fraud involving an estimated  P220 million lost to the scam,  Vicente de Villa  III, director of  BSP’s Supervisor  Data Center, said during a joint hearing of the committees on public order, banks , and  trade.


De Villa said the amount lost last year was  higher than the  P175 million in 2012.


The common   modus operandi now being used by  perpetrators was through the use of a “skimming plate, ” which  is placed on top of keypads to copy the personal identification number (PIN) of depositors, authorities  said during the hearing.

“Ito na ho yung  common, hindi mo na kailangan yung camera (This is now the common strategy, the camera is no longer needed),”   one official told the committees.

“The devices  used are smaller than a deck of cards and  are often fastened in close proximity to, or over the top of the  ATM’s factory-installed card,” read   the  power point presentation  presented by the police during the hearing.

The presentation showed several pictures to identify the normal ATM machines from tampered  ones.

In the normal   ATM machine, the  flashing card  entry indicator  could be seen easily while in the tampered  machines,  no flashing card entry could be seen and the “shape of the snout is different.”

“Most skimming devices will obscure the flashing card entry indicator,”   de Villa said in his presentation.


He flashed a  photo showing a “PIN capturing device” fitted to the  of the ATM and   a brochure  holder with a pin-hole camera  placed on the side of the ATM frontage wall used to capture images of the  keypad and customers inputting  their PIN.

Authorities said skimming devices are  normally attached to ATMs during  quiet  — either early morning  or late evening.

Some criminals, they said, are  also selling bank, ATM, and credit card information online.

“So the anti-cybercrime group  is also monitoring online activity,”   a police official said during the hearing.

To address this problem, the BSP has issued a directive requiring all banks to shift from a magnetic stripe to an EMV (Euro Master Card Visa).

Unlike the magnetic stripe  which contains  permanent information that can be copied easily,  the EMV  card is said to be  “more dynamic” making  it more difficult to steal  information.


Int’l ATM scam bared

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TOPICS: ATM, banking, Cybercrime, theft
TAGS: ATM, banking, Cybercrime, theft

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