Skimming at ATMs, Gas Pumps a Growing Concern


Security experts say that skimming, the process of secretly reading data off your credit and debit cards, could be netting crooks as much as $3 billion a year in the US.

That’s the word from the US Secret Service, via the banking community’s educational website BankInfoSecurity.com, which claims ATM skimming is now the fastest-growing electronic fraud risk for financial institutions.

It’s some consolation that, if your card gets skimmed, your bank or other issuer will probably make good on the loss, provided you report the incident promptly.

But if the card details are also used for identity theft, you could spend months trying to sort out the damage.

via Skimming at ATMs, Gas Pumps a Growing Concern.

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Author: Bill

Old guy. Native Floridian who likes to take a snapshot now and then.

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