Anatomy of an ATM Skimmer Scam
You may already know that it’s important to protect your financial information when you shop online. But a high-tech threat can steal your credit card information when you’re out shopping around town. Scammers can steal your ATM or credit card information without your even noticing, and the technology behind their tricks is getting more and more advanced.
The crime called credit card “skimming” has become increasingly common in the past few years. In fact, authorities recently uncovered a large, sophisticated skimming operation where scammers attached their devices onto the self-checkout machines at 24 Lucky supermarkets in Northern California. The scam caught hundreds of customers who used the self-checkout machines in October and November 2011 and had their account information stolen.
Obviously, skimmers are a serious security threat. But how exactly do these devices work, and how do you protect yourself from them?