#ebt cards

3 stories

#business #card skimming #chip technology #credit card fraud #cybersecurity #financial crime #food assistance #france #germany #government benefits #identity theft #magnetic stripe

Card skimming drains millions from SNAP recipients
Criminals use hidden devices to steal from people using food assistance benefits, costing recipients millions of dollars.
NPR · 1m
Old credit card scams still cost billions
Fake cards in the mail and magnetic stripe skimmers remain effective despite digital fraud advances.
WIRED · 2m
Outdated payment tech fuels welfare fraud epidemic
Romanian crime gangs exploit 1960s magnetic stripe technology to steal hundreds of millions from government benefit systems.
Pymnts · 1m