ATM Skimming – Safety at ATM Machines

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ATM Skimming – Safety at ATM Machines

Posted On: June 6, 2017 by Farmers Trust & Savings Bank in: ATM, Debit Cards, Security

Vacation season is upon us, and FTSB wants to make sure consumers do not become victim of skimming this summer. ATM Skimming is an electronic method of capturing a victim’s personal information (such as credit or debit card number and personal identification number) used by identity thieves to steal the victim’s funds. The skinny on skimming Skimmers are devices that are installed on ATMs and other credit card readers. The skimmers allow thieves to collect the data off of the magnetic stripe on credit or debit cards. That information is then used to illegally access the cardholder’s account. Most banks, including FTSB, take precautions such as installing surveillance cameras on ATMs and monitoring accounts for suspicious activity. The shift to move from the magnetic stripe to the more secure EMV chip is also beneficial. Since many gas stations and convenience stores are still using the swipe-and-signature magnetic stripe system, they are a prime target for skimmers....