Card skimmers are used to capture details stored in credit or debit card’s magnetic strip. They are generally attached to the card readers at sales terminals or ATM machines. When a customer slips his card into the compromised machine to make any financial transaction, these devices capture and store card’s information.
The threats of card skimming are evolving due to which banks and ATM manufacturers are devising ways to prevent this method of counterfeiting. Here are some points you should consider to secure yourself from card skimmers:
- Check For Tampering: Before using an ATM, check for some obvious signs of tampering at the card reader spot, keyboard, near the speakers, at the side of the screen and other nearby spots. If anything looks different in terms of alignment or color, avoid using that ATM. Card skimmers may also be installed at ATMs or sales terminals of gas stations and shops. To detect a card skimming device, check if the credit card reader is protruding outside the rest of the machine.
- Other Ways To Spot The Card Skimmers: If any part of a card reader is loose or moved, it can be a sign of card reader’s tampering. Also, scan the area for hidden cameras that may be recording you while you enter your PIN. So, it is always advised to cover your hand while you type the PIN. The keyboard and the card reader should always be in alignment to the color and style of rest of the machine. If the panels are broken or dented and if the security seal is broken, these are some obvious signs of tampering.
- Use The Right Type Of Card: Banks are nowadays issuing credit/ debit cards with an indented chip. This is because the chip technology, in contrast to magnetic strip, makes it harder for thieves to skim your data. But the thieves can still steal your credit card information using shimmers. Shimmers are paper thin & undetectable models of card skimmers. These are more complex devices and have their own chips which can intercept card’s information.
- Think Through Your Steps: The ATMs inside the bank are generally safer because of security cameras installed in the premises. Also, users should prefer alternative payment methods like transactions through Apple Pay, Android Pay, etc. These services tokenize your information and are much safer than using your actual credit card. In any case, if your card data does get stolen; report the theft to the bank as early as possible. Keeping an eye on your debit and credit card transactions is a great way of spotting unauthorized activity at the earliest.
For more information about IT security and methods to safeguard your financial information, call Centex Technologies at (254) 213 – 4740.