Keep an Eye Out for Credit Card Skimmers
Credit card skimming is on the rise in the US, according to Business Insider. Veuer’s Matt Hoffman reports.
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00:00Card skimming seems to be on the rise, according to Business Insider.
00:03Skimming is when criminals attach their own devices to ATMs or other financial terminals
00:08in order to illicitly record customers' financial information.
00:11They then use that information to steal the customers' money or make transactions in their names.
00:16The past month has seen reports of skimming devices in Jacksonville, Florida,
00:19Acadiana, Louisiana, and Carson City, Nevada, according to WJXT, KLFY, and KOLO, respectively.
00:27In March, the data analytics company FICO said that debit card skimming rose by 96 percent
00:32in 2023 compared to 2022.
00:35And the FBI says the practice costs individuals and financial institutions over $1 billion per year.
00:41Don't let yourself get fooled.
00:42New York's Office of Temporary and Disability Assistance says the easiest way to check for
00:46a skimmer is to gently pull up on the terminal.
00:49They are flimsy and will come right off.
00:51And Better Business Bureau President and CEO Chris Babin told KLFY that he recommends trying
00:56to make it a habit to check your bank statements monthly and making sure that every charge
01:00you see on there you did authorize.