What Is Credit Card Skimming?

Credit card skimming is a type of fraud where criminals use devices to steal credit card information during legitimate transactions. This data is then used to make unauthorized purchases or sold to other criminals.

How Do They Work?

Scammers typically:

• Install skimming devices on ATMs or point-of-sale terminals.
• Capture card information and PINs using hidden cameras or overlays.
• Create counterfeit cards or use the data for online fraud.

Examples of Credit Card Skimming

Credit card skimming is a deceptive method used by criminals to steal card information during legitimate transactions. Below are common examples of how this scam is executed:

• ATM Skimming Devices: Scammers attach skimming devices to ATMs, designed to capture the card's magnetic stripe data. These devices are often accompanied by hidden cameras or keypad overlays to record PIN entries, leaving victims unaware that their information has been stolen.
• Gas Pump Skimmers: Fraudsters install skimming devices inside or over the card reader slots at gas stations. These devices are difficult to detect and can steal data from multiple customers before being discovered.
• Point-of-Sale Terminal Skimmers: Skimming devices are secretly attached to retail or restaurant point-of-sale terminals, capturing credit card data during payment. Employees may unknowingly process transactions through tampered machines.
• Handheld Skimmers: In some cases, scammers use portable skimming devices to capture card information. These devices are small and easy to conceal, making them common in environments like restaurants or bars where staff handle customer cards.
• Overlay Devices: Fraudsters use sophisticated overlay devices that fit seamlessly over legitimate card readers. These overlays capture card data while allowing the transaction to proceed normally, making detection difficult.

How to Avoid Credit Card Skimming

• Inspect card readers and ATMs for signs of tampering before use.
• Shield your PIN entry with your hand to prevent cameras from capturing it.
• Use ATMs located in secure and well-lit areas.
• Regularly monitor your bank statements for unauthorized transactions.

Category

Financial Scam