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ATM Skimming Ring Busted
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 7 Mar 2012 01:17:25 -0600 (CST)


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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