Card skimming is getting more common and sophisticated, costing more than $2 billion a year in fraudulent charges.
Areas of the Internet known as the “dark web” offer technology and instructions on how to use the machines.
Do you know if a criminal stole your card information when you swiped at the ATM, or even a gas pump?
ATM skimming, or using a device to steal debit information, is on the rise and getting more sophisticated. Authorities discovered three ATM skimmers in gas stations in Ohio and one in a bank in Florida in the past month.
“ATM skimming is an over $2 billion problem globally,” said Martin Bally, vice president and chief security office at Diebold Nixdorf, an ATM manufacturer.
Criminals are trying to cash in before more place switch over to chip cards, which skimmers currently do not work on. Right now, 45-50 percent of U.S. credit and debit transaction use the more secure chips instead of magnetic strips, according to the U.S. Payments Forum.
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