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According to KPHO in Phoenix, Ariz., six people were arrested for allegedly stealing financial information from ATM customers and making hundreds of fraudulent transactions throughout Maricopa County.

Prosecutors say the scheme cost the credit union customers and banks up to $300,000.

All six people are facing felony charges including fraud, identity theft, computer tampering and money laundering.

Tempe Police investigators say the suspects stole financial information from TruWest Credit Union customers by attaching skimming devices on the ATMs to collect PINs and make fake debit cards.

The devices, believed to be manufactured in Bulgaria, were capable of capturing financial data and PINs from the cards of customers using the ATMs. The information was then rerouted to the criminals' computers, according to the Maricopa County Attorney's Office.

The suspects are all being held on $50,000 cash-only bonds.

For more information on this topic, visit our security research center.

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