One gas station owner saw business drop by 47 percent once customers realized money was being taken from their accounts after visiting the station. The gang's 29-year-old leader, software engineer Theogenes De Montford, was arrested with information from 35,000 cards on his laptop--7,000 of them from a single gas station.
For those who are arguing that Chip-and-PIN represents the gold standard in card security, there was a cold splash of reality this week. Four fraudsters from London were sentenced to jail for their parts in a nine-month string of thefts that netted almost $1.1 million by tampering with Chip-and-PIN card readers at gas stations. According to a BBC report, the group burned a small hole in the back of each reader and then inserted a memory device and BlueTooth reader that allowed it to capture information and then clone customers' cards.