Fraudsters find way to skim chip card data

In an indication of how quickly new security technologies can be breached, Mexican fraud experts have discovered an ATM skimming device that can compromise chip-enabled cards like EMV, security blogger Brian Krebs reported in Krebs on Security. The device is called a "shimmer" because it is like a shim sitting between the card chip and the ATM chip reader. ATM security firm 3VR told Krebs the device is inserted from outside the ATM with no access needed to internal components. Story