ATM Shimming Attacks Increase

Posted in Banking , Financial News , Identity Theft

A type of con designed to skim your credit card number, PIN and other information when you swipe is growing in popularity. The con, which is called shimming, allows thieves to skim your information by inserting a device called a shim, a very thin flexible circuit board, through the card slot of an ATM.

The shim will then stick to the internal contacts that read the card and compromise your personal information. So far, using the shim has resulted in the loss of billions of dollars annually for both cardholders and financial institutions. Using secure ATMs and being leery of suspicious machines could help stop it from happening to you (Network World).

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