Reuters has an interesting article about Valentin Boanta who is serving a five year sentence in Romania for his
role in ATM skimming. Valentin started
to work on new technology for ATMs to defeat skimmers illicitly installed on
ATMs to read card numbers which has won an award from International Exhibition
"All ATMs have ageing designs so they are prone
to vulnerability, they are a very weak side of the banking industry," he
"Every ATM can be penetrated through a skimming
crime. My security solution, SRS, makes an ATM unbreachable."
Boanta says his "Secure Revolving
System-SRS" can be installed in any ATM. It allows the bank card to be
inserted longer side first and then rotates it to prevent skimmers being able
to lock on to the magnetic data strip. The system returns the card to its user
with a reverse rotation.
Outwardly it is a trapezoidal metallic box around 6
inches long with the card slot in the middle.
The SRS, funded and developed by a technology firm
near Bucharest called MB Telecom, is patented and won an award this year at the
International Exhibition of Inventions in Geneva. The inventor and company are
not yet saying how much it will cost, but insist it will be available soon.
"He fully deserves such recognition," said
SRS co-inventor and MB Telecom president Mircea Tudor. "He's taking part
in improving Romania's image abroad and he'll surely join our team when
Comment by Dennis on 2013-10-30 07:36:51
Hey guys good information