How are scammers able to pull money out of someone’s account at an ATM in another country without having the physical debit card?

Question

How are scammers able to pull money out of someone’s account at an ATM in another country without having the physical debit card?

In: 1

Answer 1

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.