Advanced credit cards have electronic chips,which are difficult to crack.But many of them also have magnetic strips,so they can be used on older card readers usually in small stores and gas pumps.And that’s where they get compromised.
Credit cards are read using something called a card reader or a read head.All,at any given time only one read head should be present in a card slot.Crooks simply attach their own card readers onto the existing ones.And when a customer inserts the credit card the extra reader retrieves all the information needed to create a perfect copy.
This type of crime is widespread especially in large cities such as New York,where only four detectives are trained to spot extra readers attached to ATMs.Now their task may become easier with a device called the skim Reaper,invented by a group of students at the University of Florida led by Professor Patrick Trainoe.We’re glad to be able to produce something that will curb the tide.The device consists of an electronic card about twice as long as the regular credit card attached to a box with a digital display.When inserted in the ATM slot the digital display immediately reveals the presence of an extra card reader.
Impressed with their technology,in their wit on how to come up with this machine for the tech scheming devices.The parts for the card reader detector costs about 50 dollars.But its inventors say they’re trying to make it cheaper and smaller,so that even untrained law enforcement officers can use it on a daily basis.
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