[ISN] NZ ATM Attack Losses Hit $1 Million

http://www.bankinfosecurity.com/articles.php?art_id=4636

By Jeffrey Roman
Bank Info Security
April 2, 2012

At least 500 debit accounts in New Zealand have been linked to skimming 
at five compromised ATMs owned by ANZ Bank and National Bank in 
Auckland. And authorities say that's likely just a fraction of the total 
damage, since some compromised accounts have not been detected or yet 
reported.

ANZ Bank issued an alert on its website detailing the situation, saying, 
"We are still assessing the number of cards that might have been used in 
the affected ATMs."

Bill Farmer, CEO of Mako Networks, a PCI-DSS service provider, says 
cases of ATM skimming often go underreported in New Zealand. "With no 
local disclosure laws around card fraud or data breaches, these sorts of 
incidents seldom get reported here," Farmer says.

The New Zealand Herald reported that overall financial losses are 
nearing $1 million and rising, Auckland police stated.

[...]


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