Posted on May - 28 - 2011
Now PIN Pads are Vulnerable to Credit Card Theft
The nationwide craft supply chain Michael’s reports that some of its locations, including about half a dozen in North Carolina, may have credit card PIN pads that have been tampered with or otherwise altered in order to allow thieves to surreptitiously obtain the credit card information of store customers.
The company, which is headquartered in Texas, has nearly 1,000 stores scattered across the USA, so the prevalence of this problem may be widespread. Of course the tampered PIN pads (which are those electronic pads that you sign in a store in order to complete a credit card transaction) have been removed and quarantined and the authorities have been notified so that they can conduct a thorough investigation of the potential credit card fraud problem. In a statement from the company released recently it explained that more than 7,000 of its PIN pads have been removed from its North American stores, and the company also plans to replace all of the pads in all of its USA stores before the end of May.
So far only a relatively small number of customers have been told that the PIN pad tampering has resulted in their card numbers being used in fraudulent transactions. Michaels has notified credit card companies and it urges customers to check their accounts for any unauthorized transactions.
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