Friday, November 24, 2017

Universal Smart Card may stop ATM scams in Yekaterinburg

The introduction of the Universal Smart Card may limit the ability of thieves to use stolen bank card information to steal money.

The card, which is expected to rise in use after 2013, is built with both hardware and software security that is under strict government control, and is designed to make it more difficult for thieves to steal banking information, OblGazeta.ru reports.

Information from a card is commonly stolen through the use of a "skimmer," a small, hidden camera that is installed on ATMs in order to catch people inputting their pin numbers. The information is then used to make duplicate bank cards that drain money from a person's account.

A new device called an ECD plate is being installed at ATMs in Yekaterinburg and is designed to prevent criminals from obtaining people's information. This device is fixed inside ATMs and makes it impossible for skimmers on the slit to obtain the card's information, according to OblGazeta.ru.

Banks are also offering additional safety measures like the SMS information service, where customers can find out immediately about ongoing transactions with their accounts. People will be notified that their money was illegally used and will be able to block more actions, as well as be reimbursed by an insurance company.

Some experts, however, say that the continued use of cards, no matter what kind, in travel or internet shopping means there are more opportunities for criminals to act, according to OblGazeta.ru.