The U.S. Secret Service has been warning financial institutions about an increase in an ATM hack that is physically installed to pilfer off customer account data from ATM card readers, according to Brian Krebs' KrebsOnSecurity, who obtained a non-public alert the service sent to banks this week. The Secret Service told Axios its Electronic Crimes Task Force partners obtained intelligence about ATM skimming and that fraud alerts were sent to financial institutions about it.
Why it matters: There is anti-skimming technology that can prevent criminals from successfully stealing the data or that can set off an alarm when a skimming configuration is installed — but robbers are getting more tech-savvy and skirting around some of these safeguards.