What Is ATM Skimming? How to Protect Yourself ...Middle East

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What Is ATM Skimming? How to Protect Yourself
source : Time ( Middle East ) () 28
Hundreds of thousands of Americans had their debit cards compromised last year after falling victim to ATM skimming—and the problem is only growing.  Skimming is a type of fraud that takes consumers’ credit and debit card information at Automated Teller Machines (ATMs), fuel pumps, and checkout stations. The Federal Bureau of Investigation says it costs consumers and financial institutions more than $1 billion a year.  [time-brightcove not-tgx=”true”] “We are becoming a cashless society, so we rely a lot [on cards],” says Ahmed Banafa, a professor at San Jose State University and cyber security expert. “Once they get that [card] information, within seconds they can do purchase

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