As some of you will know, my CBK card was recently cancelled – infuriatingly – without any warning whilst I was away from Kuwait.
The official reason given was that certain ATM Machines in and around Kuwait had been used by thieves to steal money from unsuspecting accounts. Whilst I am not to sure of how the technology works, after a little research, it appears that certain ATM Machines are wired up with disguised ‘card readers.’ When you put your card in, the unit scans the card and collects your data.The fraudsters are then able to manufacture a fake card, go to an ATM and withdrawl money from your account by entering your pin number.
I first heard about this scam a few months back whilst I was in Dubai, but it appears that this new wave of ‘technological’ crime is spreading quickly around the region. Be careful when you head to the ATM’s – and make sure you regularly check your balance in case of any suspicious withdrawls, you never know who might be lurking.
Edit: Thanks to SKNK, who has provided us a link in the comments section as to how this scam works.