As payment technology evolves, so does the techniques of hackers. Gas stations skimming fraud has been one of the hot topics that continually falls onto the list of latest and greatest ways that fraudsters compromised payment card data at the pump. This is going to continue being a major topic of discussions across the financial services ecosystem long after the EMV deadline sets in for gas stations in October 2020.
This week, reports surfaced about gas station skimmer fraud. This issue made headlines after Krebs on Security reported about a memo sent out by the U.S. Secret Service. Krebs initially reported that the skimmers discovered were part of new bluetooth and SMS technology that were being used to steal payment data from consumer's devices. Krebs updated his report to include some clarifications after getting more information from sources close to the matter. He concluded that skimming fraud did occur, but not through SMS-enabled devices.