BITCOIN COULD MAKE ATM SKIMMERS A THING OF THE PAST

Societies innovate and create almost naturally on a daily basis. As people, we’re always trying to find ways to make our lifestyle better and, in most cases, overcome any sort of obstacles in our path. Unfortunately, with innovation comes a ‘wild-west’ period where many people are taken advantage of and stolen from because they cannot combat the malicious technology developed by those with the intent to steal.
The ATM is one of these positive innovations that are now targeted heavily by malicious technology. There are people using things called ‘skimmers,’ and they’ve become incredibly efficient at stealing banking information over the past decade. If Bitcoin catches a mainstream wave, it could be the answer to this problem.
Skimmers are devices placed on ATM card-scanners that read the information exactly like the ATM, but steal that information outright. Instead of having your transaction go through to the machine, it goes to the skimmer.

This post was published at Crypto Coins News on 03/09/2014.