Card security
Just imagine what someone could do if they had a copy of your card and PIN. Get more info on card skimming and how to prevent it.
Just imagine what someone could do if they had a copy of your card and PIN. Get more info on card skimming and how to prevent it.
It’s the unlawful copying of information on the magnetic stripe of a bank card so that fraudsters can create a "cloned" card. This card can be used to access your account and therefore your money but only if they also know your PIN. The PIN is usually obtained by fraudsters or accomplices looking over the cardholder's shoulder (also called shoulder surfing) when they enter their PIN at a card machine or ATM. This is why you must never share your PIN and always shield the pin pad whenever you enter your PIN.
Skimming devices come in different shapes and sizes; some are even small enough to fit in the palm of your hand. Once the fraudster has your card, they’ll quickly swipe it through the device to capture the magstripe information. This will be used later to create a cloned card.
Skimming devices can also be attached to the front of an ATM and disguised to look like part of the ATM! In these cases, the card is skimmed when the card is inserted. The PIN is often captured by a tiny hidden camera in the false front (usually through a small hole above the ATM's keypad).