Friday, January 21, 2011

Gas Pumps Targeted in Latest Card Skimming Scam

Security experts say that skimming, the process of secretly reading data off your credit and debit cards, could be netting crooks as much as $3 billion a year in the US.

That's the word from the US Secret Service, via the banking community's educational website, which claims ATM skimming is now the fastest-growing electronic fraud risk for financial institutions.

It's some consolation that, if your card gets skimmed, your bank or other issuer will probably make good on the loss, provided you report the incident promptly.

Click here to read more.

©Copyright Audri and Jim Lanford. All rights reserved.
Reprinted with permission.
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