Chip and pin scam ‘has netted millions from British shoppers’
A sophisticated “chip and pin” scam run by criminal gangs in China and Pakistan is netting millions of pounds from the bank accounts of British shoppers, America’s top cyber security official has revealed.
Dr Joel Brenner, the US National Counterintelligence Executive, warned that hundreds of chip and pin machines in stores and supermarkets across Europe have been tampered with to allow details of shoppers’ credit card accounts to be relayed to overseas fraudsters.
These details are then used to make cash withdrawals or siphon off money from card holders’ accounts in what is one of the largest scams of its kind.
In an exclusive interview with The Daily Telegraph, America’s counterintelligence chief said: “Previously only a nation state’s intelligence service would have been capable of pulling off this type of operation. It’s scary.” More from the Telegraph
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