The article explains ATM Skimming, the methods, prevalence, and ways to protect yourself from fraud.

Short Highlights on ATM Skimming

• Skimming, also known as Hacking, is a very common kind of card fraud that involves stealing information.
• The devices are installed in the ATMs, and the data is transferred to the hackers.
• The consumers must be aware of ATM Skimming and protect themselves.
• The hackers input malware into several websites and steal all the consumer’s personal information.

ATM Skimming

ATM hacking is very common nowadays, and hackers install these devices in several ATMs. Gas stations and payment spots are common places of scams.  Further, In ATM skimming, the hackers make a replica of the payment card and use the consumer’s card for any transaction directly from their bank accounts.

The cyber security firm has asked consumers to be careful enough before submitting their credit card details on any unknown websites. The hackers easily get the card numbers, and they use these numbers to sell them to various online fraudsters. Moreover, these fraudsters make purchases without letting the consumers know about it.

Various Methods of ATM Skimming

The consumers must know about different tactics used by the hackers to protect themselves from the fraud:

• Consumers should be conscious if any plastic cover is used on the ATM keypad.
• Moreover, there are many small cameras installed in the ATMs that may record the ATM PIN.
• If the ATM is covered completely from the front, there is a chance of cameras.
• Furthermore, it is extremely difficult to detect any kind of skimming devices installed in the ATM.

Again, we have heard that a credit or debit card with a chip is more secure than magnetic tape. However, in today’s growing technology, hackers have even made the function vulnerable. Hackers can easily capture PINs through a device known as shimmers.

How Commonly is ATM Skimming Used?

ATM hacking has become very common, and many people have compromised their personal information. ATM skimming came under notice in 2022 when there were many cases reported. The most targeted places were the gas pumps and Bank ATMs.

The wireless payment technique has allowed hackers to steal personal information from cards, including PIN numbers. They don’t have to visit any ATM branch or be by your side to get your PIN. Further, the method has made it easier to catch these fraudsters.

ATM Fraud and the Ways to Protect

ATM fraud has become very familiar, and now that we know about it we want consumers to become aware of it. They must know about various techniques to protect their accounts.

• The first and the best choice is to opt for cardless transactions. By using your smartphone or the bank’s application, you can easily make a transaction without a card.
• Again, consumers should opt for a secure mode of payment and chip card technology.
• Transactions that support online payment are more secure. Using online payment apps such as PayPal, Google Pay, and other applications is secure and easy.
• Further, consumers must check their bank account transactions and look for any fraudulent activities.

Conclusion

ATM hacking talks about the risks of fraudulent activity when using any online payment method. However, payments that are made using chip cards are always considered safe and secure. There is also the chance that hackers can steal information from those cards. ATM Skimming is becoming more common day by day. We advise the consumers to keep in mind all the tips and advice regarding protection. For more such details, subscribe to Financereview.org.