A Lebanese loop is a device used to commit fraud and identity theft by exploiting automated teller machines (ATMs). Its name comes from its regular use amongst Lebanese financial crime perpetrators, although it has now spread to various other international criminal groups. The Lebanese loop is becoming one of the simplest and most widespread forms of ATM fraud.
Read more about Lebanese Loop: Characteristics, Variants, Evaluation of Lebanese Loop Fraud Technique, Spread, Industry Reaction, Precautions Cardholders Can Take Against The Lebanese Loop, Other Forms of Card Fraud