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ATM Card Skimming - How does Credit Card Skimming Works?

Card Skimming is a type of card fraud, where fraudsters use a small electronic device called a skimmer, to steal your card information. This generally happens when your card is inserted into electronic devices like POS (Point of Sale). Your card gets run through a skimmer and the device captures and stores key information from the magnetic strip of your credit/debit card. This data is then copied to the magnetic strip of a blank card. The fraudster then uses this information to withdraw money from your bank account, or even make purchases using your card details.

 

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