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Fraudsters use skimming technique to steal your money

Fraudsters use skimming technique to steal your money

Wednesday, March 8, 2017, 4:25 PM

Fraudsters use a small electronic device called a skimmer, which they hide in the ATM machine. When your debit/credit card is run through a skimmer, this device captures all the details, stored on the magnetic strip of your card. This data is copied to a blank card magnetic strip. Now the fraudster can easily withdraw cash or make purchases in your name.
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