Have you seen a loose card reader on an ATM or discolouration between the machine's body and the card reader? According to the FBI, scammers increasingly use card skimming devices to collect credit or debit card data from the magnetic stripe when a card is swiped, costing consumers and banks almost $1 billion annually.
Card skimming devices blend in easily when fixed inside or over card slots of ATMs, gas pumps, and payment terminals in stores, making them difficult to spot. Scammers also use phishing tactics like installing hidden cameras nearby or placing an artificial keypad over the original to record keystrokes. Phishing involves threat actors accessing your data by impersonating a person or a company you trust, often through emails and social media platforms.
