ATM skimming is on the rise again
Police departments are reporting a recent increase in ATM skimming. With widespread usage of new chip credit cards, scammers have a much harder time hacking these cards, so they’ve returned to an old standby. You might be wondering, “What exactly is ATM skimming, anyway?”
The answer: Scammers target an out of the way ATM machine to attach a skimmer to the card reader. This device then reads information off the magnetic strip on your bank card. Once they have this information, scammers have free access to your bank account. In addition to the major credit card companies, local banks are rolling out new chip cards to help combat this problem, but not all cards have the chip yet.
Be cautious when you use any ATM. Look carefully at the ATM machine before you use it. If the front panel is slightly ajar, the panel it duct-taped in place, or the card slot looks damaged or scratched don’t use the ATM. A best practice is to only use those that belong to your bank. Most banks have multiple locations available for your convenience.
For more information on ATM Skimming plus how to protect your card and pin number check out – Police Report Jump in ATM Skimming.
To report a scam, go to BBB Scam Tracker at BBB.org.