When you swipe your card at an ATM or gas pump, who gets the data?
Hopefully your card number is only used for your withdrawal or purchase. However, equipment "unofficially" installed on card readers can swipe your information. Scammers get your card number, and they may even get your PIN with a hidden camera by watching over your shoulder.
Thieves were busy over the holidays, and they'll continue to make better - harder to detect - card skimming devices. ConsumerReports.org suggests this is among the biggest banking threats consumers will face in 2010.
To stay safe, use caution when using your card:
- Look for strange equipment attached to card readers
- Use ATMs inside banks (avoid unmonitored machines in lonely places)
- Check account transactions regularly
- Be careful who you hand your card to (most merchants are honest, but it only takes a second to skim your card)
If you see anything suspicious, report it as soon as possible to limit your personal risk.
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