Originally published at: http://www.howtogeek.com/193958/atm-skimmers-explained-how-to-protect-your-atm-card/
An “ATM skimmer” is a malicious device criminals attach to an ATM. When you use an ATM that’s been compromised in such a way, the skimmer will create a copy of your card and capture your PIN.
Yes I'll admit to having my card 'compromised'
Early morning call from my bank using the landline to call me at my UK home asking if I have recently withdrawn $500 form a facility in Canada.
Der wot - you're calling me at home in the UK asking if I have used my card in Canada in the last 2 hours!!
Hmm only recent use ( in the last 5 months) of that card was when I used the debit card in a store:
I put the card in the reader
I covered the keying hand with the other one, and made sure there was no way the keypad could be seen from behind me....
I later found out that the store had been 'scammed' by a maintenance call that put recorders inside their handheld's that phoned a contact centre in Canada with the details of the days cards!
So you being careful isn't enough!
Ideally ensure that the accounts for any debit cards you use do not have a large amount of extra cash left in them.
And - check your Bank and Credit card statements.
And - do remember to check that you get statements when you should expect them.
Wouldn't it be better to always use your card as credit instead of debit?
Terrifying topic? Not terrifying at all. Follow the recommendations in this article -- and simply report any unauthorized transactions to your bank (card issuer). That's all.
I travel a lot and use ATM's all the time -- including 'dodgy' countries in Central America, Russia, Ukraine, etc., etc. It's a lot safer than carrying wads of cash around. Here's why:
You are out of luck when your cash is pick pocketed or stolen. Now, that can be terrifying when you're thousands of miles from home.
On the outside chance your money is stolen from your account via ATM or other unauthorized electronic means, all you need to do is inform your bank timely -- and your money will be restored to you. An annoyance and an inconvenience, sure. But terrifying -- no.
I have it set up at my bank to automatically email me after every transaction over a certain minimal dollar amount. Good for verifying accuracy of my own transactions -- and great for knowing 'within minutes' of any unauthorized transactions.
NEVER, ever use your credit card at an ATM -- unless it is a dire emergency and you have absolutely no other option!
Credit cards are great for making purchases (goods or services). But withdrawing cash at an ATM is the same as getting a cash advance. Interest (usually double digits) is calculated starting from the day of your withdrawal -- no grace period at all. To add further insult, interest is calculated NOT on the amount you took out -- but on your ENTIRE unpaid balance!! That's how my bank did it anyway -- Bank of America.
I think we all should protect our transactions by OTP.. this cn really stop these skimmers
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