Executive Briefings

Theft Ring Victimizes Stores and Customers with Compromised PIN Pads

A ring of Canadian thieves who were caught with 30,700 stolen payment-card numbers is providing a view inside the process of tampering with PIN pads - and it's not pretty. On November 9, Toronto police said a five-man gang had tens of thousands of stolen card numbers on PCs and USB thumb-drives, along with at least a dozen stolen POS devices.

It's the PIN pads that are disturbing. They make it clear this gang was regularly swapping compromised PIN pads for the legitimate versions on retailers' counters. In other words, this gang was allegedly modifying several different models of PIN pads, then swapping them for legitimate PIN pads on store counters. That means they were doing it at multiple retailers, and doing it easily enough that they believed an assembly-line approach made sense.

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It's the PIN pads that are disturbing. They make it clear this gang was regularly swapping compromised PIN pads for the legitimate versions on retailers' counters. In other words, this gang was allegedly modifying several different models of PIN pads, then swapping them for legitimate PIN pads on store counters. That means they were doing it at multiple retailers, and doing it easily enough that they believed an assembly-line approach made sense.

Read Full Article