28 January, 2015

Boom: Inside a British Bank-Bombing Spree - Bloomberg Business

Boom: Inside a British Bank-Bombing Spree - Bloomberg Business: As far as anyone knows, there has never been a gas attack on an American ATM. The leading theory points to the country’s primitive ATM cards. Along with Mongolia, Papua New Guinea, and not many other countries, the U.S. doesn’t require its plastic to contain an encryption chip, so stealing cards remains an effective, nonviolent way to get at the cash in an ATM. Encryption chip requirements are coming to the U.S. later this year, though. And given the gas raid’s many advantages, it may be only a matter of time until the back of an American ATM comes rocketing off.