What is card skimming?


Card skimming is a way for scammers to steal your identity or your personal details and use it to commit identity fraud

Many of us must have heard about card-skimming frauds. ‘Card skimming’ refers to illegal copying of information from the magnetic strip of a credit or ATM card.

The scammers try to steal your card details so they can access your accounts. Once scammers have skimmed your card, they can create a fake or ‘cloned’ card with your details on it. The scammer is then able to run up charges on your account.

Card skimming is also a way for scammers to steal your identity or your personal details and use it to commit identity fraud. By stealing your personal details and account numbers the scammer may be able to borrow money or take out loans in your name.

Red alert

  • A shop assistant takes your card out of your sight in order to process your transaction.
  • You are asked to swipe your card through more than one machine.
  • You see a shop assistant swipe the card through a different machine to the one you used.
  • You notice something suspicious about the card slot on an ATM (e.g. an attached device).
  • You notice unusual or unauthorised transactions on your account or credit card statement.

How to protect yourself from card skimming

  • Keep your credit, debit and ATM cards at a safe place. Do not share your personal identity number (PIN) with anyone. Do not keep any written copy of your PIN with the card.
  • Check your bank account and credit card statements when you get them. If you see a transaction you cannot explain, report it to your credit union or bank.
  • Choose passwords that would be difficult for anyone else to guess.
  • As well as following these specific tips, find out how to protect yourself from all sorts of other scams.

Do your homework

If you are using an ATM, take the time to check that there is nothing suspicious about the machine.

Ask yourself if you trust the person or trader who you are handing your card over to. If a shop assistant looks like they are going to take your card out of your sight, ask if it is really necessary.

Decide

If an ATM looks suspicious, do not use it and alert the ATM owner / bank.

If you are in a shop and the assistant wants to swipe your card out of your sight, or in a second machine, you should ask for your card back straight away and either pay with a cheque or cash, or not make the purchase.

Report them

If you think your card has been skimmed, contact your bank or credit card provider immediately to report it.

Read more:

Protect yourself from smishing

Investors are biggest sufferers of frauds

Increase in frauds drives up premiums

Tips to handle a bank fraud


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