What is Card Skimming?
Card Skimming is making a copy of the information encoded on the magnetic strip of a credit or ATM card, so fraudsters can use the stolen information to make purchases, or get cash from your bank account.
Learn how to protect yourself better when you use the ATM
- There are various types of skimming devices designed to be used in different environments, from hand held devices to door access skimmers and miniature card entry slot skimmers.
- When used on ATMs, skimming devices are often fastened closely to, or on top of an ATM's installed card reader. When removed from the ATM, a skimmer allows fraudsters to download personal data belonging to everyone who has used the ATM.
- Such personal information includes account numbers, balances, and verification codes belonging to each cardholder.
- The disguise of skimming devices by fraudsters can make it very difficult for ATM users to detect.
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