Skimming occurs when devices illegally installed on ATMs, point-of-sale (POS) terminals, or fuel pumps capture data or record cardholders’ PINs. Criminals use the data to create fake debit or credit cards and then steal from victims’ accounts. It is estimated that skimming costs financial institutions and consumers more than $1 billion each year. To ensure you are safely protected from skimming attacks, please see the following tips when using an ATMs, POS terminals, and other card readers:
• Inspect ATM, POS terminals and other card readers before using. Look for anything loose, cracked, damaged or scratched. Don’t use any card reader if you notice anything unusual.
• Pull the edges of the keypad before entering your PIN. Then cover the keypad when you enter your PIN to prevent a camera from recording your entry.
• If available, use an ATM in a well-lit, indoor location, which are less vulnerable targets.
• Be alert for skimming devices in tourist areas, which are popular targets.
• Use debit and credit cards with chip technology. In the U.S., there are fewer devices that steal chip data v/s magnetic strip data.
• Avoid using your debit card when you have linked accounts.
• Contact the financial institution if the ATM does not return your card after you complete or cancel a transaction.