Cyber-skimmers Stealing Credit Cards at the Gas Pump

pic2-39The Los Angeles Sheriff's Department recently wrapped up a three-year investigation into a credit card fraud and identity theft ring that was using "skimmers"--electronic devices covertly installed over the card slots on ATM machines and other card readers--to capture credit and debit card information, including PIN codes, at a number of computerized gas station pumps. The skimming devices stored the card information until downloaded by the thieves and re-encoded onto the magnetic strips of other cards. The criminals were then able to use the stolen card numbers--of which they had over 10,000 when arrested--to make purchases.

Los Angeles authorities arrested three people in connection with the fraud ring and seized luxury vehicles as well as $40,000 in cash.