Posted by: kenwbudd | September 20, 2011

Thieves Used 3D Printer for ATM Skimmers


3D printing in action from i.materialise on Vimeo.

Most ATM skimmers are carefully hand-made and crafted to blend in with the targeted cash machine in both form and paint color. Some skimmer makers even ask customers for a photo of the targeted cash machine before beginning their work.

The skimmer components typically include a card skimmer that fits over the card acceptance slot and steals the data stored on the card’s magnetic stripe, and a pinhole camera built into a false panel that thieves can fit above or beside the PIN pad.

If these components don’t match just-so, they’re more likely to be discovered and removed by customers or bank personnel, leaving the thieves without their stolen card data.

Enter the 3D printer. This fascinating technology, explained succinctly in the video below from 3D printing company i.materialise, takes two dimensional computer images and builds them into three dimensional models by laying down successive layers of powder that are heated, shaped and hardened (see video).

The word is spreading in the cybercrime underworld that 3D printers produce flawless skimmer devices with exacting precision. Last year, i-materialise blogged about receiving client’s order for building a card skimmer.

The company said it denied the request when it became clear the ordered product was a fraud device.

A convicted skimmer in the US is alleged to have used the counterfeit cards to withdraw funds at different ATMs around Texas. Prosecutors allege the group stole more than $400,000 between Aug. 2009 and June 2011.

Prior to their arrest this summer, the gang started making decent money but they split the profits between them. Federal prosecutors say the men stole $57.808.14 in month of April 2011 alone.

Read more on this article here

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