credit card skimming: Should You Worry About Contactless Credit Card NFC Skimming
- 01/09/19 07:17 AM
If you have a contactless card, you might have worries about skimming. A contactless card or “frictionless” or “tap and go” is a card that has technology in it that allows payment over secure wireless like Apple Pay, Android Pay etc. Basically, this is where a criminal literally digitally pickpockets you by scanning things like your debit card or passport. What’s scary about this is that anyone can get an app for their phone that will allow them to skim. Is there protection for this? Maybe.
But before you freak out, you probably don’t even have a contactless card. Very few cards … (2 comments)
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credit card skimming: Prepaid Cards risk of Fraud
- 08/21/14 11:23 PM
Somewhere out there is a dictionary that when you look up the term wire money, the definition says scam! Even though legitimate money-transfer businesses exist like Western Union, a request to wire money for that new car or vacation package is most probably a rip-off.
And the crooks behind these rackets are figuring out ways to overcome the increased awareness of consumers to the money-wiring scams. They’ve come up with yet another way to steal your money. Thieves are requesting reloadable prepaid cards.
Would you hand a well-fed-looking masked man on the street your wallet? (Let’s pretend for a moment … (4 comments)
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credit card skimming: Skimming Big Business targeting Big Business
- 02/27/14 08:55 PM
Skimming means more than just cutting fat off steak; it’s also when a thief obtains data from that magnetic strip on the back of your credit card (or debit or ATM card).
The thief records and copies this data with a counterfeit card reader onto a blank card’s strip, and then makes purchases or cash withdrawals with this fraudulent card—in the account holder’s name.
Skimming takes place at ATMs, taxis, gas stations, restaurants, retail stores—any place where an employee will swipe your card to make your purchase. A credit/debit/ATM card reader can be fitted with a skimmer by the thief. … (0 comments)
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If you have a contactless card, you might have worries about skimming. A contactless card or “frictionless” or “tap and go” is a card that has technology in it that allows payment over secure wireless like Apple Pay, Android Pay etc. Basically, this is where a criminal literally digitally pickpockets you by scanning things like your debit card or passport. What’s scary about this is that anyone can get an app for their phone that will allow them to skim. Is there protection for this? Maybe.
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