Cybersecurity

What Happens When the 'Internet of Things' Comes to ATM Skimmers

An ATM being manufactured in Greensboro, North Carolina, on July 16, 2013. Criminals are stealing people's payment card information by tampering with ATM PIN pads. Photographer: Ty Wright/Bloomberg

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By Jordan Robertson

April 22, 2014 at 4:03 AM UTC

This article is for subscribers only.

When Cisco Systems CEO John Chambers extols the virtues of the so-called Internet of Things, this clearly isn't what he has in mind.

Criminals engaged in skimming -- stealing people's payment card information by tampering with ATM PIN pads and gas station credit-card readers -- are now exploiting wireless technology to pull off their schemes more easily, according to a report from Verizon that examined data breaches from 95 countries.