ATM Skimming Ring Busted

[InfoSec News <alerts () infosecnews org>]

http://www.bankinfosecurity.com/articles.php?art_id=4556

By Tracy Kitten
Bank Info Security
March 6, 2012

Detectives with the Toronto Police Department have arrested seven 
individuals for the roles they allegedly played in an ATM skimming 
scheme that compromised at least 1,500 credit and debit cards and cost 
Canadian banking institutions more than CAN $360,000 [U.S. $361,161].

"Those are known losses," Toronto police Det. Ian Nichol said during a 
Feb. 28 press conference. "The actual losses are actually much greater 
than that."

Total financial exposure could be more than CAN $800,000 [U.S. 802,357], 
authorities say.

On Feb. 28, Toronto residents Svilen Marinov, Aleksandar Mihov, Assen 
Dotchev, Dimitre Kerelski and Daria Boussarova, as well as Boyko 
Simeonov of Brampton and Dimitar Raykov of Pickering were arrested. So, 
far, 357 charges have been brought against the ring, and authorities say 
they are working with the Canada Border Services Agency, the U.S. Secret 
Service and other Greater Toronto agencies to locate 13 more suspects, 
including Dimo Bakalov, also of Toronto.

[...]


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