A recent incident revealed that thieves installed simple card skimming devices and cameras on bank ATMs, stealing customer account details and recording PIN numbers.  Once the thieves gathered the ATM card data, new ATM cards were easily created with the stolen customer information and the new ATM cards were used to make unauthorized withdrawals. The thieves stole $500,000 from over 250 bank customers, and according to follow up news stories the customers are now being reimbursed by the bank. In this economic  downturn, can  banks afford to put $500,000 back into their customers’ accounts and continue to foot the bill for identity theft? Do youRead More →