Beware and Be Informed about Skimming
ATM skimming is done in this way: lawbreakers place a tiny device on the front of an ATM, and it looks like a fragment of the machinery. For people, it’s practically impossible to spot the dissimilarity unless the skimmer quality is low.
All the time the skimmer is fixed on an ATM, it collects data from all cards, which are swiped. Criminals can later get that information and set it on blank bankcards. Habitually, thieves will also conceal a tiny camera near the machine to get the person’s PINs. This is how they gain access to the sums of money in their victims’ financial records.
ATMs are not single places for skimming. Another unprotected place for this kind of trick is gas pumps.
Fueling ATM Skimming Definition
As it is known, skimming is a highly problematic law-breaking to protect from in the financial industry. SmartMetric, credit card company, said that $24.26 billion in yearly universal losses caused by credit card scam and electronic criminality are connected with ATMs in 2018—and such cases continue to increase.
Several incidents of major data leakages that happened over the preceding years may have led to ATM scams. When frauds hack databanks with many credit card details, they may use that data to withdraw cash from the person’s balance.
It’s quite easy to hack into a databank and steal PINs and cards. It’s much easier to attach a device to the ATM and get the necessary data. As soon as the records are in their use, the fraudsters duplicate cards and turn the information into money as fast as they can.
Kinds of ATM Skimming
Thieves have are two typical skimming patterns. The first one involves a “skimmer” which is fixed on the surface of a functioning ATM. Once the card is swiped, the device records the necessary numbers, and a petite camera placed in a brochure holder or a security mirror captures the PIN. Classically, cash is taken and the user loses the money.
In the second pattern, a cast-off ATM is prepared to steal data and placed in a public area. These machines are only semi-functional and do not dispense banknotes. They seem broken to users, but they are just recording data.
There are some kinds of devices that lawbreakers use for ATM skimming:
• PIN-capture overlays: These are false keypads that cover the real keypad of ATM to record PINs.
• Hidden cameras: They are typically very small and can be located on or near an ATM. Cameras help criminals observe the area to capture PINs.
• Card reader overlays: These are tools made of plastic that are fixed over the slot, in which you insert your card. Once the card is inserted, the records are stored in devices.
• ATM faceplates: These overlays fit over the whole ATM faceplate and may comprise everything mentioned above.
Ways to Protect Yourself
1. While entering your PIN do not show the keypad: Criminals try to get your card details and your PIN to access your balance. If you hide the keypad, you hide your PIN from cameras and observers.
2. Examine the ATM: To do it, look over any ATM that you are going to use. You should see the card sliders at gas pumps if you’re using your card. If a scanner of the device has a different color and look, it may be a skimming machine. You can check the ATM by shaking the card scanner to make sure there isn’t a device built-in the card reader. Besides, search for tiny holes, scratches, tape, or wires.
3. Monitor your credit card reports: inform your creditor instantly if someone gets your data.
• Be selective: Don’t use all-purpose ATMs at cafeterias or bars. These are not secure as they aren’t regularly monitored.