How are scammers able to pull money out of someone’s account at an ATM in another country without having the physical debit card?
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If they have a copy of the magnetic stripe and PIN, that’s all they need if they can find an ATM that will fall back on magnetic stripe if there is no working chip.
Cameras or keypad overlays are sometimes placed where skimmers are installed for that reason
(Alternatively, obtaining someone’s online banking password would also grant ATM access if they don’t have a secure 2 factor authentication set up)
The magnetic stripes have no actual security protections on them. They are just a magnetic copy of the account number and information the scammer already has.
It is trivially easy to write the information onto a new blank card. Hotels rewrite their mag stripes on blank keycards for every guest that checks in, and it’s so cheap and fast that they don’t care if you just throw it away afterwards.
They will use leaked information that you either unwillingly provided, (phishing), or got leaked onto the internet through a hack or poor security (doxxing)
Once they have your card long number, expiration date and security code, as well as your address and/or telephone number, they are able to just make payments online or call your bank directly pretending to be you to bypass other securities.
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