ATM skimming is on the rise

This post was written by Tom Mahoney on August 10, 2011
Posted Under: Credit Card Trends,Fraud Prevention

A recent article on the FBI news site indicates that ATM card skimming is on the rise. The bad guys are getting very sophisticated and building skimmers that are virtually undetectable unless you are looking for them. The article tells how it’s done and how to detect if the ATM you’re using is fitted with skimming devices.

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Reader Comments

I was recently a victim of card fraud and I heard about this new card product called a Secure Identity Prepaid Card. It works with your cell phone to let you stop unauthorized card transactions before they happen. It has a security feature that lets you turn your card on and off using your cell phone. You send a text message to activate it before you make a purchase. If your card is ever lost or stolen, the card could not be used. If someone tried to use the card, you would get a text alert telling you the details of where it was used but the charge would not go through. If you wanted to have the purchase go through, you could activate your card and have the merchant swipe it again.

I just enrolled for one and I am waiting to get it in the mail. I can’t wait to try it out.

#1 
Written By russell schwartz on August 22nd, 2011 @ 3:20 PM

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