Have you ever wondered how thieves can get their hands on your credit card information without ever touching your wallet? The answer is credit card skimming.
Credit card skimming involves the use of a small device called a skimmer that reads and stores the information on your credit card’s magnetic strip. This information includes your name, card number, and expiration date.
Thieves install these skimming devices in various locations such as ATMs, gas pumps, or other point-of-sale devices to steal your credit card information. Skimming even works on chip-enabled cards.
Skimming can occur in various ways, including the modification of legitimate ATMs or the use of wireless technology to remotely obtain the information. Once they have your information, the thieves can clone your credit card and withdraw money from your account.
Protect yourself from credit card skimmers by visually inspecting the location where you are using your card, covering your hand when entering your PIN, and monitoring your bank account for any unauthorized transactions.
What is a credit card skimmer?
A credit card skimmer is a small device used to steal credit card information from the magnetic stripe on your card.
Where can credit card skimming occur?
Credit card skimming can occur at ATMs, gas pumps, and other point-of-sale devices.
How can I protect myself from credit card skimming?
Protect yourself by visually inspecting the location where you are using your card, covering your hand when entering your PIN, and monitoring your bank account for any unauthorized transactions.