Note from the CEO: As I watch the Chairman of Wells Fargo answer really fun questions from Congress I notice that fingerprint stealing is the new growth field. Think of all those bank employees helping you open accounts and saying “could you hold this glass for a second please?” And, at a ATM, do not touch the screen….or even look at it. Under the mattress (or bitcoin) is looking good now.
“As if the world of ATM skimmers was not scary enough, criminals have stepped up their game once again. A new type of device will not only read card information and potentially log your pin code, but it will also steal fingerprints. With various banks experimenting with biometric verification for ATM transactions, it looks like criminals are one step ahead yet again.
Throughout the years, criminals have come up with various ways to abuse bank ATMs. Skimming, a technique used to “read” inserted cards and copy all of the sensitive information, has been a popular method for many years. In more recent times, there have been various types of ATM malware, which allow criminals to empty teller machines with or without a physical bank card.
Security experts came up with a potential solution in the form of biometric authentication. ATM users would need to provide a fingerprint scan to verify their identity before being allowed to use the machine. On paper, this sounds like a good idea, but in reality, it is yet another honeypot for criminals to target.”