NewsFeed- Each year about 7 percent of Americans have their debit cards hacked or stolen and 10% fall victim to credit card fraud. The result is more than $5.5 billion in theft attributed to credit card fraud each year. One of the safeguards between would-be thieves and your bank account are four little numbers, a.k.a. your PIN. Choosing those numbers is of the utmost importance in protecting your assets, but, as it turns out, many Americans are using the same PINs, making them vulnerable to hacking.
The FBI has warned banks that ATMs could see a global cyber attack in the “coming days.” The possible ATM attack could let criminals withdraw millions of dollars in just a few hours.
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Up to 30,000 ATMs could go following changes to the fees that operators are paid, Link warns.
