.This was sent to me in an e-mail today at work............. Skimming has been described as one of the most significant problems facing the credit card industry, as it can happen anywhere a credit card is accepted. The best way for consumers to protect themselves from skimming is by paying attention to the details of credit card usage. When a credit card is skimmed, data on the card, including the account number, is electronically transmitted or stored. The credit card information can then be encoded onto a lost, stolen, or counterfeit credit card and used anywhere in the world. Since there are legitimate uses for many of the devices used to read or skim credit cards, paying attention to where you use your credit cards can also help prevent fraud. Examples of skimming include: • A skimming device is added to the front of an ATM or gas pump and captures the credit card information as the consumer attempts to use the machine. • In many cases, a covert camera is also set up to capture the card holder’s Personal Identification (PIN) Number. To protect against skimming, consumers need to pay attention to their cards at the point of sale. • Ensure your credit card is swiped only once at a register. • Conceal your PIN as you enter it into an ATM, gas pump, or credit card reader. • Inspect the card reader and the area near the pin-pad. Skimmers are often secured to the card reader using double sided tape. Look for evidence of double sided tape in and around the card reader or evidence of a device inserted into the card reader. • Look at other nearby gas pumps and ATM card readers to see if they match the one you are using. If the card reader and setup look different than the one you are using, a skimmer may be in place. If you suspect you may be a possible victim of skimming or other financial fraud, contact local police.
Posted on: Wed, 03 Sep 2014 14:26:38 +0000
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