How does someone in Moscow step up to a cash machine and withdraw money from an account holder half a world away? Even when the debit card is still in the victim's wallet? To show me how easy it was, two executives from MagTek Inc., one of the largest makers of credit card stripe readers, visited MSNBC.com and gave a demonstration.
Interesting article, though hardly new. Of course this is much more difficult to do with chip based cards, but then they're slightly more expensive and cut into company profits, shock horror!
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