cardskimmer
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Hacks turn Square's reader into a card-stealing machine (updated)
As helpful as a Square Reader may be for purchases at trendy stores, you'll want to watch out -- in the right circumstances, they can also be used to steal your credit card info. Security researchers have discovered that you can physically disable the encryption the device uses to protect your financial info, turning the Reader into a tiny, portable card skimmer. There's also a way to record the signal created by your card when you swipe its magnetic stripe on an unmodified Reader, which theoretically lets evildoers charge your card without approval.
Security researchers find new wafer-thin ATM card skimmers in use
ATM card skimming is hardly a new activity, and neither are card skimmers that continue to get smaller and more discreet. As Brian Krebs of the Krebs on Security blog reports, though, a new development out of Europe has now crossed a key, and potentially troublesome threshold. The European ATM Security Team (otherwise known as EAST) has discovered a new type of wafer-thin card skimmer in use in at least one unnamed European country that's small enough to fit directly in the ATM's card slot -- that's as opposed to most current skimmers that can be well-disguised but generally sit on top of the card slot. As you can imagine, that makes it considerably more difficult to spot for even the most attentive ATM users, but Krebs notes that the skimmer still requires a secondary device like a camera or keypad overlay to record a person entering their PIN.
