Have you fallen victim to credit card fraud? Each country has thousands of credit card fraud cases in numerous places. The crucial factor in reducing this credit card skimming is detecting it timely and taking immediate action.
What is Credit Card Fraud?
The early step is to understand what credit card skimming is; it is a form of identity theft that a criminal uses and gets cash advances using your credit card account. It can be possible through any of your existing accounts. Criminals can do this by physically stealing your credit card and using your PIN code or maybe by a new credit card account opened in your name without being in your awareness.
However, credit card has so many uses; even you can buy bitcoin with a credit card. Get more information at this official Bitcoin Billionaire. It can be helpful to get more detail about other forms of digital currencies.
These days, technology has advanced, opening new ways for criminals to use unauthorized cards. Not limited to this, these fraudsters are sharp and keep updated themselves about the international organized crime syndicates and are in search of new security measures.
Dealing with these fraud issues for a credit card can consume a lot of time and effort, so be aware of the ways that criminals use to get access to your account.
What is a Credit Card Skimmer?
Credit card skimmers are in the form of tiny devices that fraudsters use to add to card readers. You may find these at ATMs. Surprisingly, they offer different shapes and sizes due to the advancement and have different degrees of complexity.
5 Ways Criminal can Use Credit Card Skimmer
Let’s know about the typical way sot be aware of them.
1. 3D Printed Keyboards
Technology has opened advanced ways for criminals to use 3D printing to make custom credit card skimmers. They use this by establishing and using 3D printed keyboards by covering them on the real keyboards at ATMs to keep the record of PINs. You cannot even know about this theft.
2. Card slot Length
One of the most common methods that credit card skimmers use is; spreading the range of the card slot. In this way, criminals attach skimmers to an ATM physically. It looks like a part of a physical design, and it isn’t easy to know that it is not real. The skimming attack occurs when you enter your details, and the hacker can quickly scan the details.
3. Radio Frequency Identification Scanner (RFID)
Another way for card skimming is a Radio Frequency Identification scanner that enables hackers to scan from a distance. Plus, this technology can make access codes and transport cards used in credit cards and debits cards.
It has become easy for defaulters to use an RFID scanner even by walking near you and scanning the card details by keeping this device in your pocket.
4. Shimmers Installation
Before some years, it was new technology to use chip-enabled debit cards that protected credit card users from these data thieves. Unfortunately, criminals have a sharp mind and have new ways to target these chips using an innovative method known as ‘shimming.’
A shimmer is like a shim and is placed between the reading device and the chip on a credit card. Shimmer is more complex to detect because they are in the form of paper-thin devices that get placed inside the reader and are entirely invisible, so you cannot see it.
5. Stealth Cameras
Lastly, this technology is a bit similar to card skimmers. What do data thieves do? They use this technology by installing this tiny and invisible camera around ATMs. In this way, they capture PINs that are present with the credit card numbers retrieved through a skimming device.
Finally, as discussed above, criminals use different ways to steal card payments for the transaction. Knowing the above practices can help you protect yourself from being a victim. More importantly, you need to keep a close eye on your credit card account. In this way, you can be aware of hacks that criminals use for stealing your credit card information.