Are you aware of the latest technique that scammers are using to steal others’ financial information? “Skimming” occurs when devices installed on ATMs, point-of-sale terminals or fuel pumps capture data or record PINs. Fraudsters use the data to create fake debit or credit cards and then steal from their victims.
Financial institutions and consumers are estimated to lose more than $1 billion each year as a result of skimming. While falling victim to this scam is not completely preventable, Allegheny County Sheriff Kevin M. Kraus offers the following tips can minimize your risk.
Observe the Equipment: Ensure that any machine you use hasn’t been tampered with before you use it. Don’t swipe or insert your card if it seems loose, crooked, or damaged, if the graphics aren’t aligned, or if part of the machine is a different color. Compare the two machines (for example, two ATMs next to each other) for obvious differences. If one machine has a flashing slot for inserting the card and the other does not, that may indicate a problem.
Avoid Using Non-ATM Banking Machines: Approximately 60 percent of skimming occurs at privately owned ATMs, according to FICO. These cash-dispensing machines typically reside in convenience stores, bars, restaurants, grocery stores, or check-cashing establishments.
Review the Keypad: Move on to the next machine if the numbers are hard to press or feel thick. This could mean that there is a faceplate covering the actual machine.
Block Your PIN: In case a camera is recording your PIN, cover the keypad with your other hand.
Use Mobile Payment: Using a mobile wallet such as Apple Pay, Samsung Pay or Google Pay is an alternative to swiping your card. By using this option, your credit card information is tokenized and rendered useless if stolen.
Pay a Cashier: In case your local gas station has not yet updated its pumps to accept mobile wallets or you are unsure if the machine is safe to use, go inside the service station to pay. It could save you a lot of trouble later on.
Remain in Public View: If possible, use public machines with security monitoring, as they are less likely to be tampered with.
Check Your Account Regularly: Check your account regularly via online and mobile banking rather than waiting for your monthly statement. If anything happens, report it immediately to your bank or credit union.
Sign Up for Alerts: Take advantage of the fraud alert system offered by your card provider. Catching issues im- mediately will save a lot of headaches. When a suspicious transaction occurs, your financial institution may be able to send you a text asking you to verify the transaction.
Trust Your Instincts: Consider using a different machine or payment method if you suspect foul play or if you are unsure of the authenticity of a machine.
Source: Allegheny County Sheriff’s Office Crime Prevention Division