Source: Security Focus
Prosecutors allege two men copied credit cards by using a hand-held device they affectionately nicknamed "the mojo" to read the magnetic strips of cards that diners used to pay their bills.
Prosecutors said investigators at American Express uncovered the scheme when they noticed that several customers complaining about mysterious charges had all dined at either of two Philadelphia restaurants where one suspect worked as a waiter.
Concern about poor security is the biggest barrier to the greater adoption of online banking, according to research.
Analyst firm TowerGroup reported that public doubt about online security has changed little over the past year, even though online banking breaches are rare and financial institutions have continued to make significant investments in e-security infrastructures.