Skimming refers to the method by which information is stolen from an account access device, such as a credit card, debit card or ATM card. Typically card skimming occurs through the use of a handheld electronic swiping device; however, more sophisticated criminals have been able to manufacture skimming components that imitate legitimate card-reading devices like those found on ATMs and fuel pumps.
How do you avoid being a victim of skimming?
Although you may not be able to prevent crime from happening, there are ways to protect yourself from this type of fraud:
- If at all possible, do not let your credit or debit card out of your sight.
- Take notice of your surroundings. If an ATM or fuel pump looks as if it is been tampered with, do not use it and notify the owner or management.
- Always review your account statements for any suspicious activity. If you detect an unauthorized charge, notify your financial institution as soon as possible. Timely reporting of an unauthorized charge will mitigate your liability.