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Article #975

Re: ATM fraud

#975
From: Daniel F Boyd
Date: Wed, 16 Sep 1992 02:00
30 lines
1913 bytes
In article <1992Sep15.185901.15924@relay.nswc.navy.mil> 
wcollin@relay.nswc.navy.mil (Dave Collins - E41) writes: 

> [...] [A] keypad for entering PIN like identification numbers.  You
> press a start button which randomly enumerates the keypad with a
> different sequence [...] You also have to be pretty much dirrectly
> in front of the keypad to view the numbers.

Heck, they have one of these guarding the door to the main machine
room (dinosaur pen) at SUNY-Binghamton where I went for undergrad.

Last year, after instrument thefts, they got one for the musical
instrument room!

I can't imagine that these cost too much, they're really simple!

But remember: Banking losses due to fraud are dwarfed by banking
losses due to non-payment of debts.  Why should a bank spend ten
gazillion dollars to stop a million a year in thefts from ATMs, when
they could spend a mere zillion dollars on a good commercial loan
officer and get millions more?

(Note that a gazillion is 'much more than a zillion'.)


-- 
Daniel F. Boyd -- boyd@cs.buffalo.edu  "My editor can emulate your editor."
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References: <1992Sep8.115050.8694@cl.cam.ac.uk> <1992Sep14.085441.28829@nessie.mcc.ac.uk> <unruh.716579030@physics.ubc.ca> <1992Sep15.185901.15924@relay.nswc.navy.mil>

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Path: arc1-ca.pugleaf.net!sparky!uunet!cis.ohio-state.edu!rutgers!ub!acsu.buffalo.edu!boyd
From: boyd@acsu.buffalo.edu (Daniel F Boyd)
Newsgroups: sci.crypt,alt.security,comp.security.misc,local.crypto
Subject: Re: ATM fraud
Message-ID: <BunExF.Fyw@acsu.buffalo.edu>
Date: 16 Sep 92 02:00:51 GMT
References: <1992Sep8.115050.8694@cl.cam.ac.uk> <1992Sep14.085441.28829@nessie.mcc.ac.uk> <unruh.716579030@physics.ubc.ca> <1992Sep15.185901.15924@relay.nswc.navy.mil>
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