It's pretty damn low if they're stealing from snap cards. Bad enough they're stealing at all, but most of those benefits are for children. That's disgusting.
Perhaps a law where someone arrested for skimming from snap cards would also be charged with child endangerment. One charge for each card skimmed. Convictions could end up costing the criminals dozens of years of sentencing.
@@Vulpine407 Yes! And in addition to Child Endangerment, also of Elderly Endangerment/Abuse and Disabled Endangerment/Abuse, since those are the largest populations that reply on SNAP.
I'm with Navy Federal Credit Union. I have the option online, to unfreeze my credit cards when I use them, and freeze them once I used them. What a great feature!
Retailers/Corporations should be 100% responsible for any losses - they each need their own tech person or security person that insures that their machines are not tampered with. The customer should never be responsible for these situations.
The usually are. When your credit card is used without your authorization and you file a claim, the issuing bank will refund you for that amount and "charge back" the retailer. When retailers accept cards and use payment processors like Visa and Mastercard, they are agreeing to their terms which includes a clause that makes them responsible for verifying the identify of the customer matches the card.
@@lesliepropheter5040 It's a moot point. EVERY CUSTOMER PAYS when ANY company is ripped off through higher prices, interest rates and fees! You think Walmart takes the hit after being shoplifted?? NO. It's part of the price we ALL pay, and we ALL pay the same price whether rich or poor. Banks and credit card companies pass the 'refunded' and 'covered' scam costs to the customers as well -- along with charging higher processing fees to vendors which, again, gets passed to the CUSTOMER. No matter what type of company, no matter what type of financial loss, it's passed along in some way and the CUSTOMER ALWAYS PAYS.
I work for a financial institution and our ATMs will set off an alarm and shut down if a skimmer is in place for a period of time. Period of time being minutes, less than double digits. Yes, scammers and thieves have those minutes to obtain ATM users card info, but it’s a solid, reliable safety feature that I hope brings peace to some people knowing that institutions do have security measures in place. There are a lot of good, useful comments on here so I hope folks take the necessary steps to protect their money. Setting up alerts for your accounts and debit card usage will pay huge dividends. Credit cards will always reign over debit cards for security features. When in doubt, contact your financial institution immediately.
The expert missed the MOST important tip at the end - check your accounts regularly!! He says it’s almost impossible to tell if a POS or ATM had been compromised, so the obvious solution is to catch illegal activity QUICKLY by keeping an eye on your accounts. 🙄
Or tap to pay. Then you don’t get skimmed. Even if it does, credit card info never leaves the phone. So the thief has no actual usable information. Haven’t had to carry cash for ages. I stopped getting fraudulent purchases years ago when I started using tap to pay exclusively. Same for my mom when I set it up for her. The best defense is already there, it’s just we (Americans in particular) don’t know about it or don’t use it
You don't want to carry a lot of cash, you know what happened when we used to do that? You got robbed at gunpoint. Don't swipe your card, don't ever swipe your card, and the risk of skimming is close to 0. Installing a skimmer to read the chip is a lot harder.
You are more likely to be robbed or lose your money. Honestly if people are worried about being skimmed- use tap to pay as it has proven to be incredibly secure. Even the shimming mentioned here is good for one fraudulent use as newer cards have a one time use code sent and that's extremely secure (think two factor using a code generator....almost unheard of being broken). Even if by some miracle you got defrauded this way. Credit card companies by law protect you against fraudulent use.
Why not utilize 2-factor authentication for card transactions? When you use your card at an ATM or POS terminal, your bank sends you a text with a randomly generated PIN that's only valid for 2 minutes. Of course, this would need to be optional because not everyone has a phone on them all the time, but people that want that extra layer of protection and are willing to use it, could benefit.
Generally a very good idea. I use 2FA wherever possible. However think about situations where is a lot of customer traffic like grocery shopping etc. That would cause additional waiting time. Factor in technical problems and I think many would not want that.
That's what the PIN is for. That IS the 2FA. But the US, unlike the rest of the world decided that ANY inconvenience is too big and went with chip and sign or even just skipping chip and using magstripe. Tap and pay from a digital wallet is even better because you have to unlock your phone with a third PIN or a biometric like your finger print BEFORE you can tap. The tech isn't the problem - it's the US implementation of it.
I've noticed that most gas stations will have pumps that ask for a zip code when the customer uses a credit card, and of course a PIN when using a debit card. There is one gas station near my house that doesn't ask for the zip code, and treats Visa debit cards like a credit card and does not ask for the zip code either. As soon they starred doing this I quit going to that station.
Thieves in general are sick, they care nothing about people. My question is...why does SNAP still only use magstripe cards that offer none of the modern safeguards? I think he answered that question...it costs more (to send out safer cards) than what they are losing in theft. They also don't care about the people, the inconvenience, the loss of food or funds. It is cheaper to let the criminals have the money.
The debit card I use to shop or pay bills is separate from my main account. I only transfer in from a completely separate account what I expect to spend every month. That way if my card is compromised, all they can get is whats in that account.
If you use a credit card then you don’t have to lose any money. You can get credit cards with a low credit limit if you want to restrict how much a thief may potentially get away with. But this way you don’t lose any money.
Wow that's really stupid, a hacker would notice your other accounts info from all the transfers. It makes you an easy target NGL, someone who thinks they're doing something that'll stop it leaves holes everywhere. For example I could just walk by u and scan all your cards with a flipper zero or something similar. Or if I gained access to your laundering account I'd see the transfers and follow it to your other accounts. Your plan is half baked af bro safest thing to do is not use cards.
I feel like retailers and banks should, by law, have a larger liability, if not full liability. This seems to be the only way that would motivate them to take more precautions with security on their devices and in helping to educate their customers who may not be tech savvy or may just be unaware.
Another thing to do is to be aware of other people around us when we make purchases. When it was my turn to be rung up at a local store, the next customer in line proceeded to stand behind me instead of staying in line. Being aware of that, I put my debit card away and I pulled out a credit card that does not have the number on the top. That way, if the guy was trying to take a photo of my card then he would have got nothing.
It would’ve been nice for them to show a skimmer or a shimmer on the program. Show it installed in an ATM so we could at least have a clue as to what they look like/how hard it would be to spot one if you looked in the slot. There’s gotta be a way to see these things if you know what you’re looking for.
You really can’t reliably tell. Showing it might would provide false assurance to people that they _could_ confidently identify malicious POS locations.
Try pulling on some of the slots, the outer shells, the keypads etc. where possible. Cover your hand when typing in your pin . All of these aren't foolproof of course, but it may help detect some of the older less sophisticated devices. Use an ATM inside a physical bank and take out cash for daily spending where possible or ATMs in high traffic areas with cameras and use the same ATMs regularly. Instead of using your card at the pump, pay inside or again pay with cash....Check your accounts daily. But just using one ATM for cash weekly and paying for everything in cash is your best all around go to....
@@Telluwide OR try not to use ATM AT ALL???? O, wait, u live in usa. Take my condolences. I live in europe - last time i was holding actual money was when i was giving money to a homeless person. In usa. Otherwise - just paying with card for everything. Funny i do not even remember how actual euros look like.
It's because they don't really care, if they did they would warn you that almost any card can be cloned with the only requirements being that it has a chip and be within 10 meters.
when they created the chip...they should have required a PIN to use the card - something you have and something you know - 2 factor authentication!!!!!!
i try to use my debit card 99% of the time, about 80% of the time the retailers pos still requests my pin. if you use a credit card of course you will never be asked for a pin other than sometimes your zip code.
@@timallison8560 but a credit card offers more protection than a debit card. I hope the debit card you use is not connected to your primary checking account. Otherwise they can wipe out your cash and your bank is not legally obligated to refund you for fraudulent charges. Credit card is different in that the bank is supposed to protect you from liability for any unauthorized charges
@@SL-lz9jr thats not true at all, why would a thief want access to my bank account of a few thousand dolllars instead of my credit cards with limits up into the 20's of thousands of dollars. also with the debit card they would need my pin which is not electronically stored anywhere but in my head. they can't skim my pin.
I believe the most important take here is not to use a card that is directly linked to your account. Unfortunately, SNAP is exactly that. Use a credit card over a debit card because it is way easier to dispute charges. When going to a gas station, pay inside, not at the pump if possible. I never pay at the pump. When getting cash at a bank, go inside or through drive thru. Yes, even a bank's ATM could have a skimmer. Check your account on the regular for unauthorized charges.
The most important takeaway is lax laws. If the consequences are significant enough, property crimes drop dramatically. Society has gone from impacting the offenders to forcing victims to alter their lives and even blaming them for the crimes happening. Bad politicians create bad societies.
You are aware people can clone cards right out of your pocket aren't you? ATM skimmers are what low intelligence hackers do, 99% of the time they was paid by a real hacker to install the skimmer. You won't know right away because after your info is stolen by a real hacker it'll be on a list of accounts for sale on the dark web.
How does understanding the risk help? It's obvious from the lack of any advice on prevention that we are all vulnerable and can't do anything about it beyond keep an eye on our account(s) and avoiding machines in high crime areas.
Even if it can't be seen when using an ATM, the bad guys have to have a way to remove the skimmer. Why isn't there a tool that I could buy to check if a skimmer is in there and remove it?
@@coreysuffield No different than the authorities learning and forcing them to change. Anything that forces them to make changes likely slows them down for awhile.
The answer is that there is no single design, and you normally don't need a tool to remove them. They're not bolting these things on, they're usually either held by gravity or a low tack adhesive. Skimmers are made to look like their target ATM or EFTPOS terminal. Those come in all different shapes, colours and designs, so too do the skimmers. The goal in installing and removing skimmers is speed so as not to be noticed. A skimmer doesn't do anything different from a legitimate reader, so you can't have apple or whoever detect anything. The skimmer is reading the same information as the terminal is, only it's storing that information instead of using it to process payment. You can usually spot a skimmer because it looks like an extra bit on the terminal or sticks out in a subtle way. Edit: The way to avoid skimmers is by using tap n go through a third party wallet like google or apple. These use one time encrypted tokens so even the merchant doesn't get your card. Don't take your physical card with you, just use your phone. If tap n go isn't working back out of the transaction and go elsewhere.
I stopped using plastic cards all together almost 5 years ago , haven't had a problem since . I go to the bank in person only , that way they can't hold me responsible for any electronic purchase from my account . I do believe that someday the internet and electronic transactions will be safe but it might take a few more years , good luck everyone .
Tap to pay is the pretty much the safest method when it comes to card usage. In terms of security it’s tap > chip > swipe. Google pay and Apple Pay defeat skimmers. Even if they did get skimmed the credit card info never leaves the phone, so the skimmer and thief get nothing. I stopped getting fraudulent charges years ago when I hopped on Apple Pay. After convincing my mom for a while to also start using it since she kept getting fraudulent charges (likely from gas stations), she also stopped getting false credit charges.
So basically, use cash or leave your stuff behind if you can't tap to pay or use your chip. Do not pay at the pump, go inside to pay. You're less likely to get skimmed inside the store, but it can still happen.
it is probably just a micro-controller board(standard hardware device) like an ESP which can be quite small and some 3d printed housing with a sticker on the front, the magic sauce is in the coding or the software to interpret the signals the cards pass to the payment device
@@kaska1123 it's imported in pieces from Asia and not in whole, and it's very difficult to put the pieces together because they are very tiny and delicate which is why the already made ones are expensive($1K+) and they are not sold online anywhere except in forums where these guys hangout, I was invited to one recently by a dude I met in a nightclub in Florida where I see these things firsthand, there are many other devices like one that traps card in the ATM which allows the card to go in but traps it while coming out, once the ATM user leaves thinking that the card has been retained by the ATM the trapper returns and retrieve the card from the ATM and use it with the recorded Pin to siphon the cash in the card.
One potential solution should be rather easy to implement. Different numbers for different tech. Your modern card has a mag stripe, and NFC tag and a chip. Each of these should have a different number so if they read a chip, they can't copy that data to a magstripe, the reader would see the magstripe data does not belong to a magstripe. Online purchases should be done with a different, virtual card number. Cards should not have any info on them at all, other than maybe a name. Apple credit cards are this way. Also, disable the magstripe and tap to pay on physical cards so only the chip works. If a merchant can't do chip, use a different merchant.
The Apple Card uses the multiple numbers method. The number that I used online on my Apple Card was stolen and I was able to change it without getting a new physical card. It does require an iPhone to use it fully, but I immediately got notifications on my iPhone when they detected the fraudulent uses of the online number.
Security is inversely proportional to convenience. People prioritize convenience over security....and pay the price. This type of crime can be stopped overnight, but it requires effort on both sides of the transactions. No one is willing to take the minor steps needed to do it.
My debit card was skimmed at a Walmart 4 years ago in San Diego. A week later I was home in Pittsburgh PA. My card then started charging things all over Europe. My bank immediately shut my card off and contacted me. Dang
I heard that turning BlueTooth on your phone will tell you if a skimmer is nearby. If your phone says BT is available nearby, do not use that gas pump / ATM.
Google Pay as well, but yes, paying with your phone is the most secure way to pay. Not only that, but contactless transactions (both phone and tapping a card) do not give out your name, unlike inserting or swiping which does give your name.
@@carrieullrich5059 lmao I roll my eyes at the “just use cash” statement Why carry two things (phone and cash)? If I get robbed I lose cash and phone whereas if I use tap then I only lose my phone. Tap takes like a second to set up. It even updates your credit card before the new one arrives in the mail. Cash is not only inconvenient but has a risk factor associated with it too (losing it, getting it stolen).
Dumb question: does the skim happen from the USB port or the voltage outlet? Because I always use my own brick and cord, but if the outlet itself can do the skimming, then I'd need to know.
I use ApplePay when I can. The ATMs I use in Europe I try to use only those inside banks and never if possible outside buildings along the street. The chip bypass was scary to hear.
This is actually primarily a problem because of how outdated the US is very few countries use signature as an option to verify cards so when that is disabled it is significantly harder to circumvent the security of chip and pin
Sell the fear. I check my accts every day not because I think some bank manager will open accts like Wells Fargo, but someone or some program duped one of my cards in 2020. That card was my wingman...
Most countries aren't going to execute criminals for this type of theft. The problem is, most countries don't really care too much about properly investigating and enforcing existing laws.
@@dougaltolan3017 Indeed it would be. I'm past the "Letting ten criminals go free to protect one innocent from being wrongly put in jail." Too many crimes these days affect millions of people. They need to be swiftly dealt with, even if some are underage. We're overpopulated anyways. Losing these criminals will not hurt the numbers and might significantly improve the gene pool.
Risk VS reward and what society can stomach. There are countries in the world where crime is extremely low because they have significant deterrent focussed consequences. The US and Canada now have federal governments obsessed with woke policies that have little to no consequences, except for those who deny to conform to the lunacy. Getting pronouns wrong is now the focus of their justice. The statistics and facts of this destructive lunacy are very evident with society decaying at a rapid pace.
after watching this news report, all I want to be is a scammer. All you talked about is how rewarding it is, there is no consequences of being a scammer. Seems no one has been caught for doing it, even if there is, there is no consequences of being caught.
One thing that has helped us is setting up the transaction texts from our bank. I knew within 15 minutes that our card had been stolen! Within the next 15 called the bank and had it shut off. The criminals managed to spend $500 in that timeline so it was crazy. The bank was already flagging because so many “card present”purchases had happened miles from each other in such a short time so that was good. My husband immediately got ahold of the gas station where it had been skimmed so they could close the pump but the young attendant didn’t know what to do at all! We now try to only use pumps that are in the highest traffic areas where the criminals might fear being seen.
If I've said it once, I've said it a million times, CASH IS KING! Always try to use an ATM inside a bank, always check the ATM for anything funny of off. You can do this by pulling the slots, keypads etc. Then take out cash you may need for the week and then some. Then just use cash for all your purchases when and where possible....
With tap to pay you don’t have to worry about any of that. Large banks have nfc terminals now so you just tap and to find your account and then enter your pin. Even IF tap gets skimmed, card info never leaves the phone because of the way it works (tokenization) so the thief doesn’t get any info. Haven’t had to carry cash in years and I stopped getting fraudulent charges years ago too when I started using tap (Apple Pay/google pay). Same thing for my mom when I convinced her to let me set it up for her. She was reluctant at first (like many older people) but loves it now since she hasn’t had fraudulent charges in ages. They were likely from gas stations before.
@@jayespin Have you heard about the "glue scam" with the Tap ATM devices? People need to make sure they end the transaction properly at the end since Tap transactions don't end themselves automatically after money is withdrawn....
To avoid this issue, I use Apple Pay on an iPhone in combination with the Revolut app. In the Revolut app, I only enable "contactless payments" for each card. "Swipe payments using magnetic stripe" and "ATM withdrawals" are disabled for each Revolut card..... These are security settings you can configure inside the Revolut app.
Multi factor authentication would end all this. The cards would be unusable without authorization of the purchase or passing a preset limit that is always authorized. The credit card companies leave these cards wide open. Let the people that want to use multi factor do so.
In he rest of the world where Chip/pin was properly implemeted, a card issued as a chip card cannot be used as a mag stripe card in a terminal that can support chip/pin. So even if they copy the "magstripe" content from the chip and write onto blank mag stripe card, the transaction will be rejected by issuing bank back home unless that POS terminal lacks chip capability. (mag stripe-only terminals still common in USA but not in rest of world). If merchant is on a magstripe-only POS, then he bears costs of fraudulent transaction. In parts of the USA where bank adopted the useless chip/signature, many foreign cards would fail because the rules built into the card's software required chip/pin but the terminal would reject that option since it did not have the software to handle chip/pin. (this is less of a problem in recent times). Other countries moved quickly from magstripe to chip/pin and this has made miuse of card data far less of a problem. The USA moved too slowly and didn't jump onto chip/pin right from start. Chip/signature cards are useless because you don't need to deal with the isse of PIN verification which is one way test on the card (feed it the PIN and card responds to POS with "yes" or "no", and in some cases, the PIN is transmitted to issuing back with the transaction authorisation and it is the bank that verifies it. But you cannot obtain the pin from the card because it is stored as one-way encrypted with keys.
So basically they make the chip unusable and force you to swipe. The solution is to disable the swipping mechanism and if it doesn't read the chip just use nfc on your phone.
Why don't you ask him how a business can be vulnerable, how they can guard against, how they can watch for these shimmers - is it employees that install them?
Why don't we tax businesses based on any devices found and reported. That way the business owner will be more inclined to have their employees routinely check for these readers. Sic the IRS after them.
Thanks for the report, HOWEVER, it would be very helpful if these video reports would devote at least 25% of the video to showing folks what these some of skimmers look like at the actual pay terminal. Not a skimmer that has been removed, but what does it look like in place and functioning. HOW does it look different?
Google pay and Apple Pay defeat skimmers so I would say you can still use your card (on your phone) and not have to worry about losing a lot if you get mugged.
We have this problem because there is no downside to committing these crimes. Very few criminals are smart enough to write the software and burn the chips necessary to commit these crimes. Those who make the electronics should receive lifetime without parole and no outside access to prevent them from ever writing or distributing the tools criminals use to commit these crimes. The criminals upon being caught should receive at least ten years without parole on a first offense and double the sentence for each additional offense. Members of the public should be allowed to catch and stop these criminals with whatever means they wish without fear of liability of any sort, no matter the harm done to the criminals. Once a good person catches and orders a criminal to drop the skimmer and submit, the criminal should have no other option than to obey. If the criminal fights back, th4e criminal goes away for life. If the criminal kills the good person, the criminal gets fried extra crispy in old sparky. Legal public vigilance is a good thing. That will put a damper on skimming offenses and other crime.
There are device used to exploit those already dearie, I saw them with my two eyes when the dude building it was demonstrating for their forum members how it's used, I was invited to the forum by one of their members. The truth is that same people who provide these securities to the bank are also same people who teach how to break them so they don't go out of business because if the are not broken the builders won't be contracted again😂
Good advice, though I have had multiple creeps try to see my PIN at bank machines and convenience stores. They stand on an angle, behind you, to the side, at a bit of a distance. I guess they have luck doing that with other people. Not me, so far, thankfully... So, even though I'm covering the PIN pad, they were hoping to see what numbers I pressed.
Some phone cameras with add on equipment can also read heat levels from the buttons recently pushed which can reveal the numbers and sequence. When I finish adding my pin, I rest my fingers across the pad (especially plastic or rubber buttons as they retain heat easier.) This makes the entire pad light up like a cmas tree and they cannot obtain your pin by taking a pic after you walk away.
How much do losses cost consumers on the average? I also notice that some stores have signs stating that a certain extra charge will be added if credit is used! And gas stations charge 10 cents per gallon more for credit! Why throw away money?
Since he didn’t explain it, the only reason to ever use a Debit card is if you’re on Gordon Ramseys Baby-steps / terrible with money. Otherwise a debit card is the worst. 1. It’s your money that’s stolen, so may not be reimbursed. 2. No rewards / points. 3. No credit boost.
How does adding your credit/debit cards to a digital wallet and paying with your phone change the risk analysis? It seems pretty safe to me. I leave my credit cards and home since they are all in my phone's digital wallet. Any issues paying with the phone then I just use cash. So far so good.
Paying with Apple Pay or google pay is safer than chip and swipe. Credit card info never leaves the phone so even if it got skimmed the skimmer has no credit card info. The solution exists, it’s just people are behind (especially American citizens). I still see people using cash all the time at McDonald’s for example. I just tap my phone at the drive thru or in the restaurant and I’m done. Easy peasy.
How sad this is happening no matter what kind of credit card you use (chip or no chip). So far I have not used my credit card in retail reader machines because of all this theft going on. I use other payment methods and cash.
Know This-No matter what protections engineers build into system, there are engineers working for the crime world to overcome these protections. Always have. Always will. !
I have a chip and the most that will happen is i'll have to insert the chip end of the card in the machine. If it ever wanted a swipe i'll be suspicious.
Skimming: it’s the process of making butter from Milk. Whoever skims gets the butter the grease part, the rest are left with low-fat malnourished milk, which is good if the later group had accumulated enough butter earlier. Now the serious part: For any payment, (card/cheques/stamps) it gets processed and a BILL is generated. Therefore, from the above example, the butter eaters get skimmed first and this can go on on until it becomes a scam!!
It's pretty damn low if they're stealing from snap cards. Bad enough they're stealing at all, but most of those benefits are for children. That's disgusting.
Look at how selfish the world is today. There are NO MORE standards, morals, or integrity in the country. It's all me me me me me.
Perhaps a law where someone arrested for skimming from snap cards would also be charged with child endangerment. One charge for each card skimmed. Convictions could end up costing the criminals dozens of years of sentencing.
How do they sleep at night stealing from the poorest and hungriest?
@@Vulpine407 Yes! And in addition to Child Endangerment, also of Elderly Endangerment/Abuse and Disabled Endangerment/Abuse, since those are the largest populations that reply on SNAP.
@Vulpine407 that's a really interesting idea, I agree
I'm with Navy Federal Credit Union. I have the option online, to unfreeze my credit cards when I use them, and freeze them once I used them. What a great feature!
Retailers/Corporations should be 100% responsible for any losses - they each need their own tech person or security person that insures that their machines are not tampered with. The customer should never be responsible for these situations.
And customers end up paying for it either way - for the tech of prevention or the ‘refunds’ when it doesn’t work.
The usually are. When your credit card is used without your authorization and you file a claim, the issuing bank will refund you for that amount and "charge back" the retailer. When retailers accept cards and use payment processors like Visa and Mastercard, they are agreeing to their terms which includes a clause that makes them responsible for verifying the identify of the customer matches the card.
Credit cards are usually insured - poor people who can’t get credit are the ones being ripped off
@@lesliepropheter5040 It's a moot point. EVERY CUSTOMER PAYS when ANY company is ripped off through higher prices, interest rates and fees! You think Walmart takes the hit after being shoplifted?? NO. It's part of the price we ALL pay, and we ALL pay the same price whether rich or poor. Banks and credit card companies pass the 'refunded' and 'covered' scam costs to the customers as well -- along with charging higher processing fees to vendors which, again, gets passed to the CUSTOMER. No matter what type of company, no matter what type of financial loss, it's passed along in some way and the CUSTOMER ALWAYS PAYS.
@@leapintothewild not really.
I work for a financial institution and our ATMs will set off an alarm and shut down if a skimmer is in place for a period of time. Period of time being minutes, less than double digits. Yes, scammers and thieves have those minutes to obtain ATM users card info, but it’s a solid, reliable safety feature that I hope brings peace to some people knowing that institutions do have security measures in place.
There are a lot of good, useful comments on here so I hope folks take the necessary steps to protect their money. Setting up alerts for your accounts and debit card usage will pay huge dividends. Credit cards will always reign over debit cards for security features. When in doubt, contact your financial institution immediately.
The expert missed the MOST important tip at the end - check your accounts regularly!! He says it’s almost impossible to tell if a POS or ATM had been compromised, so the obvious solution is to catch illegal activity QUICKLY by keeping an eye on your accounts. 🙄
This. Many banks and the apps allow you to get text messages. I get a message for every transaction.
This is the way.
Speed will only be useful if using cards for credit. You'll need to act fast if there are any discrepancies.
You're out of luck, in debit mode. 😶
My credit card sends me an email after each transaction.
Absolutely
The best defence against this is rather obvious: use cash.
Or tap to pay. Then you don’t get skimmed. Even if it does, credit card info never leaves the phone. So the thief has no actual usable information. Haven’t had to carry cash for ages.
I stopped getting fraudulent purchases years ago when I started using tap to pay exclusively. Same for my mom when I set it up for her.
The best defense is already there, it’s just we (Americans in particular) don’t know about it or don’t use it
You don't want to carry a lot of cash, you know what happened when we used to do that? You got robbed at gunpoint.
Don't swipe your card, don't ever swipe your card, and the risk of skimming is close to 0. Installing a skimmer to read the chip is a lot harder.
You are more likely to be robbed or lose your money. Honestly if people are worried about being skimmed- use tap to pay as it has proven to be incredibly secure. Even the shimming mentioned here is good for one fraudulent use as newer cards have a one time use code sent and that's extremely secure (think two factor using a code generator....almost unheard of being broken).
Even if by some miracle you got defrauded this way. Credit card companies by law protect you against fraudulent use.
the best defence is to break the magnetic strip and use the chip if it fails then use tap to pay
To steal from people who are poor (SNAP) is beyond the pale.😢😢😢😢😢
Why not utilize 2-factor authentication for card transactions? When you use your card at an ATM or POS terminal, your bank sends you a text with a randomly generated PIN that's only valid for 2 minutes. Of course, this would need to be optional because not everyone has a phone on them all the time, but people that want that extra layer of protection and are willing to use it, could benefit.
Generally a very good idea. I use 2FA wherever possible. However think about situations where is a lot of customer traffic like grocery shopping etc. That would cause additional waiting time. Factor in technical problems and I think many would not want that.
That's what the PIN is for. That IS the 2FA. But the US, unlike the rest of the world decided that ANY inconvenience is too big and went with chip and sign or even just skipping chip and using magstripe. Tap and pay from a digital wallet is even better because you have to unlock your phone with a third PIN or a biometric like your finger print BEFORE you can tap.
The tech isn't the problem - it's the US implementation of it.
if its optional, then whats the point??
I've noticed that most gas stations will have pumps that ask for a zip code when the customer uses a credit card, and of course a PIN when using a debit card. There is one gas station near my house that doesn't ask for the zip code, and treats Visa debit cards like a credit card and does not ask for the zip code either. As soon they starred doing this I quit going to that station.
@@TheoWerewolf but these also take pins, so that's not the best one anyway.
people do sick stuff and stealing from SNAP is insane.
Thieves in general are sick, they care nothing about people. My question is...why does SNAP still only use magstripe cards that offer none of the modern safeguards? I think he answered that question...it costs more (to send out safer cards) than what they are losing in theft. They also don't care about the people, the inconvenience, the loss of food or funds. It is cheaper to let the criminals have the money.
The debit card I use to shop or pay bills is separate from my main account. I only transfer in from a completely separate account what I expect to spend every month. That way if my card is compromised, all they can get is whats in that account.
If you use a credit card then you don’t have to lose any money. You can get credit cards with a low credit limit if you want to restrict how much a thief may potentially get away with. But this way you don’t lose any money.
that's a very shrewd approach - good one!
Yep, me too
dont use debit, many issues with.
Wow that's really stupid, a hacker would notice your other accounts info from all the transfers. It makes you an easy target NGL, someone who thinks they're doing something that'll stop it leaves holes everywhere. For example I could just walk by u and scan all your cards with a flipper zero or something similar. Or if I gained access to your laundering account I'd see the transfers and follow it to your other accounts. Your plan is half baked af bro safest thing to do is not use cards.
I feel like retailers and banks should, by law, have a larger liability, if not full liability. This seems to be the only way that would motivate them to take more precautions with security on their devices and in helping to educate their customers who may not be tech savvy or may just be unaware.
YES!!! It's all on the
public's shoulders to
guard the bank's faulty
"Security" crap that
doesn't work at all.
What do we need the
banks for? NOTHING!
The guest says we should "care" about the problem and try to "minimize the risk" but he doesn't provide any clear advice on how to minimize the risk.
I guess we just need to rarely use it😅
cashola
Cash. 🙄
Another thing to do is to be aware of other people around us when we make purchases. When it was my turn to be rung up at a local store, the next customer in line proceeded to stand behind me instead of staying in line. Being aware of that, I put my debit card away and I pulled out a credit card that does not have the number on the top. That way, if the guy was trying to take a photo of my card then he would have got nothing.
It would’ve been nice for them to show a skimmer or a shimmer on the program. Show it installed in an ATM so we could at least have a clue as to what they look like/how hard it would be to spot one if you looked in the slot. There’s gotta be a way to see these things if you know what you’re looking for.
You really can’t reliably tell. Showing it might would provide false assurance to people that they _could_ confidently identify malicious POS locations.
Try pulling on some of the slots, the outer shells, the keypads etc. where possible. Cover your hand when typing in your pin . All of these aren't foolproof of course, but it may help detect some of the older less sophisticated devices.
Use an ATM inside a physical bank and take out cash for daily spending where possible or ATMs in high traffic areas with cameras and use the same ATMs regularly.
Instead of using your card at the pump, pay inside or again pay with cash....Check your accounts daily. But just using one ATM for cash weekly and paying for everything in cash is your best all around go to....
@@Telluwide OR try not to use ATM AT ALL???? O, wait, u live in usa. Take my condolences. I live in europe - last time i was holding actual money was when i was giving money to a homeless person. In usa. Otherwise - just paying with card for everything. Funny i do not even remember how actual euros look like.
It's because they don't really care, if they did they would warn you that almost any card can be cloned with the only requirements being that it has a chip and be within 10 meters.
when they created the chip...they should have required a PIN to use the card - something you have and something you know - 2 factor authentication!!!!!!
its a good idea, but not fool proof. but still they should ask for a pin- i dont mind waiting in line for a extra minute to be more protected.
It's required in Europe but in the US, retailers resisted the pin due to fear of customer friction
i try to use my debit card 99% of the time, about 80% of the time the retailers pos still requests my pin. if you use a credit card of course you will never be asked for a pin other than sometimes your zip code.
@@timallison8560 but a credit card offers more protection than a debit card. I hope the debit card you use is not connected to your primary checking account. Otherwise they can wipe out your cash and your bank is not legally obligated to refund you for fraudulent charges. Credit card is different in that the bank is supposed to protect you from liability for any unauthorized charges
@@SL-lz9jr thats not true at all, why would a thief want access to my bank account of a few thousand dolllars instead of my credit cards with limits up into the 20's of thousands of dollars. also with the debit card they would need my pin which is not electronically stored anywhere but in my head. they can't skim my pin.
Sign up for transaction alerts on your cards to receive notifications within minutes of a transaction.
I wish my bank offered that.
I believe the most important take here is not to use a card that is directly linked to your account. Unfortunately, SNAP is exactly that. Use a credit card over a debit card because it is way easier to dispute charges. When going to a gas station, pay inside, not at the pump if possible. I never pay at the pump. When getting cash at a bank, go inside or through drive thru. Yes, even a bank's ATM could have a skimmer. Check your account on the regular for unauthorized charges.
The most important takeaway is lax laws. If the consequences are significant enough, property crimes drop dramatically. Society has gone from impacting the offenders to forcing victims to alter their lives and even blaming them for the crimes happening. Bad politicians create bad societies.
You are aware people can clone cards right out of your pocket aren't you? ATM skimmers are what low intelligence hackers do, 99% of the time they was paid by a real hacker to install the skimmer. You won't know right away because after your info is stolen by a real hacker it'll be on a list of accounts for sale on the dark web.
Tap to pay has dangers too. Do not forget to fully close the transaction windows.
They’ll do anything for money but work smdh :/ 😮
I feel so much better now knowing the guy in charge has no answers. Typical government worker, all pay no solutions.
Exactly!
😂 such a great point!
How does understanding the risk help? It's obvious from the lack of any advice on prevention that we are all vulnerable and can't do anything about it beyond keep an eye on our account(s) and avoiding machines in high crime areas.
Even if it can't be seen when using an ATM, the bad guys have to have a way to remove the skimmer. Why isn't there a tool that I could buy to check if a skimmer is in there and remove it?
if they tell the tool or show what it looks like the bad guys will just change the design to be different making it that much more difficult
@@coreysuffield No different than the authorities learning and forcing them to change. Anything that forces them to make changes likely slows them down for awhile.
Or maybe apple should have a built in feature in the apple wallet that notifies you if you try to tap your phone on a device with an attached skimmer
The answer is that there is no single design, and you normally don't need a tool to remove them. They're not bolting these things on, they're usually either held by gravity or a low tack adhesive.
Skimmers are made to look like their target ATM or EFTPOS terminal. Those come in all different shapes, colours and designs, so too do the skimmers.
The goal in installing and removing skimmers is speed so as not to be noticed.
A skimmer doesn't do anything different from a legitimate reader, so you can't have apple or whoever detect anything. The skimmer is reading the same information as the terminal is, only it's storing that information instead of using it to process payment.
You can usually spot a skimmer because it looks like an extra bit on the terminal or sticks out in a subtle way.
Edit: The way to avoid skimmers is by using tap n go through a third party wallet like google or apple. These use one time encrypted tokens so even the merchant doesn't get your card. Don't take your physical card with you, just use your phone. If tap n go isn't working back out of the transaction and go elsewhere.
I stopped using plastic cards all together almost 5 years ago , haven't had a problem since . I go to the bank in person only , that way they can't hold me responsible for any electronic purchase from my account . I do believe that someday the internet and electronic transactions will be safe but it might take a few more years , good luck everyone .
Tap to pay is the pretty much the safest method when it comes to card usage. In terms of security it’s tap > chip > swipe. Google pay and Apple Pay defeat skimmers. Even if they did get skimmed the credit card info never leaves the phone, so the skimmer and thief get nothing.
I stopped getting fraudulent charges years ago when I hopped on Apple Pay. After convincing my mom for a while to also start using it since she kept getting fraudulent charges (likely from gas stations), she also stopped getting false credit charges.
So basically, use cash or leave your stuff behind if you can't tap to pay or use your chip. Do not pay at the pump, go inside to pay. You're less likely to get skimmed inside the store, but it can still happen.
I find it surprising that these skimmer devices are so readily available.
Why do you find this surprising?
Easily imported from Asia. Seems to not be checked thoroughly by customs
What's so surprising about it? The technology is not that complicated at all...
it is probably just a micro-controller board(standard hardware device) like an ESP which can be quite small and some 3d printed housing with a sticker on the front, the magic sauce is in the coding or the software to interpret the signals the cards pass to the payment device
@@kaska1123 it's imported in pieces from Asia and not in whole, and it's very difficult to put the pieces together because they are very tiny and delicate which is why the already made ones are expensive($1K+) and they are not sold online anywhere except in forums where these guys hangout, I was invited to one recently by a dude I met in a nightclub in Florida where I see these things firsthand, there are many other devices like one that traps card in the ATM which allows the card to go in but traps it while coming out, once the ATM user leaves thinking that the card has been retained by the ATM the trapper returns and retrieve the card from the ATM and use it with the recorded Pin to siphon the cash in the card.
One potential solution should be rather easy to implement. Different numbers for different tech. Your modern card has a mag stripe, and NFC tag and a chip. Each of these should have a different number so if they read a chip, they can't copy that data to a magstripe, the reader would see the magstripe data does not belong to a magstripe. Online purchases should be done with a different, virtual card number. Cards should not have any info on them at all, other than maybe a name. Apple credit cards are this way.
Also, disable the magstripe and tap to pay on physical cards so only the chip works. If a merchant can't do chip, use a different merchant.
The Apple Card uses the multiple numbers method. The number that I used online on my Apple Card was stolen and I was able to change it without getting a new physical card. It does require an iPhone to use it fully, but I immediately got notifications on my iPhone when they detected the fraudulent uses of the online number.
@@ericfielding2540 Requires: Smartphone, on...and you'll get the notification A F T E R your card has been used.
Security is inversely proportional to convenience.
People prioritize convenience over security....and pay the price.
This type of crime can be stopped overnight, but it requires effort on both sides of the transactions. No one is willing to take the minor steps needed to do it.
True …..instant gratification society wont slow down and take the extra steps etc to make meaningful change.
Dead wrong since you can copy card info wirelessly, the only way to stop this is to stop using cards.
Cash isn't that much effort. 🙄
They should put chips up the criminals index finger that prevents them from using other people's cards, chips
Cashless is a joke.
My debit card was skimmed at a Walmart 4 years ago in San Diego. A week later I was home in Pittsburgh PA. My card then started charging things all over Europe. My bank immediately shut my card off and contacted me. Dang
You know what's not skimmable... Actual cash
I heard that turning BlueTooth on your phone will tell you if a skimmer is nearby. If your phone says BT is available nearby, do not use that gas pump / ATM.
So Apple Pay is the most secure since it creates a random 1 time code that can’t ever be used again. Great.
Google Pay as well, but yes, paying with your phone is the most secure way to pay. Not only that, but contactless transactions (both phone and tapping a card) do not give out your name, unlike inserting or swiping which does give your name.
Just use cash. 🙄
@@carrieullrich5059 lmao I roll my eyes at the “just use cash” statement
Why carry two things (phone and cash)? If I get robbed I lose cash and phone whereas if I use tap then I only lose my phone.
Tap takes like a second to set up. It even updates your credit card before the new one arrives in the mail.
Cash is not only inconvenient but has a risk factor associated with it too (losing it, getting it stolen).
Yep. I use Samsung pay which can also be used at regular credit card terminals that don't support NFC.
With each advance in
new tech., they just
keep making it easier
to hack, jack, & steal.
Latest skimmer trend is USB phone-charging ports that can insert malware, suck out data, etc.
Thats actually been common for about 5 years. They only again covered it on the news so people who didnt know or forgot, would know.
Airplane has the USB port at the seat, is it safe to use?
What?! That, too?
Dumb question: does the skim happen from the USB port or the voltage outlet? Because I always use my own brick and cord, but if the outlet itself can do the skimming, then I'd need to know.
@@AI_MIT_71 No I wouldn’t trust it. Any public usb charging port is high risk for your device security
I use ApplePay when I can. The ATMs I use in Europe I try to use only those inside banks and never if possible outside buildings along the street. The chip bypass was scary to hear.
This is actually primarily a problem because of how outdated the US is very few countries use signature as an option to verify cards so when that is disabled it is significantly harder to circumvent the security of chip and pin
Sell the fear. I check my accts every day not because I think some bank manager will open accts like Wells Fargo, but someone or some program duped one of my cards in 2020. That card was my wingman...
Crimes continues to exist because of how we treat criminals. If crimes equal death then I'm sure it would severely put a damper on the prevalency.
Most countries aren't going to execute criminals for this type of theft. The problem is, most countries don't really care too much about properly investigating and enforcing existing laws.
Re trials are a bit tricky though.
@@dougaltolan3017 Indeed it would be. I'm past the "Letting ten criminals go free to protect one innocent from being wrongly put in jail." Too many crimes these days affect millions of people. They need to be swiftly dealt with, even if some are underage. We're overpopulated anyways. Losing these criminals will not hurt the numbers and might significantly improve the gene pool.
Crimes exist because we people are wicked.
This is why I only use my girlfriend's card.
Gold 😂
I only use my boyfriend's.🤑😅
So basically I've come to my own deduction.. use cash!!!
Can’t use cash for everything still need a bank account just the risk these days
@Queen. Kristal everywhere in this country cash is accepted... they can't skim your card if you didn't use one....
Skimmers have always been able to retrieve data from chipped cards. It has been an issue since these the cards were released to the public.
Risk VS reward and what society can stomach. There are countries in the world where crime is extremely low because they have significant deterrent focussed consequences. The US and Canada now have federal governments obsessed with woke policies that have little to no consequences, except for those who deny to conform to the lunacy. Getting pronouns wrong is now the focus of their justice. The statistics and facts of this destructive lunacy are very evident with society decaying at a rapid pace.
after watching this news report, all I want to be is a scammer. All you talked about is how rewarding it is, there is no consequences of being a scammer. Seems no one has been caught for doing it, even if there is, there is no consequences of being caught.
One thing that has helped us is setting up the transaction texts from our bank. I knew within 15 minutes that our card had been stolen! Within the next 15 called the bank and had it shut off. The criminals managed to spend $500 in that timeline so it was crazy. The bank was already flagging because so many “card present”purchases had happened miles from each other in such a short time so that was good. My husband immediately got ahold of the gas station where it had been skimmed so they could close the pump but the young attendant didn’t know what to do at all! We now try to only use pumps that are in the highest traffic areas where the criminals might fear being seen.
The "cost of business" is the cost of business. It should not be passed on to customers.
Every other country on this planet has stopped using magnetic stripe on cards, a decade ago or more.
Shimmers at POS or ATM..... Point your phone at it and scan for Bluetooth . If a sequence of letters or numbers show up, report it
Omg! I can’t remember when I swiped a card. Frightening
If I've said it once, I've said it a million times, CASH IS KING! Always try to use an ATM inside a bank, always check the ATM for anything funny of off. You can do this by pulling the slots, keypads etc. Then take out cash you may need for the week and then some. Then just use cash for all your purchases when and where possible....
With tap to pay you don’t have to worry about any of that. Large banks have nfc terminals now so you just tap and to find your account and then enter your pin. Even IF tap gets skimmed, card info never leaves the phone because of the way it works (tokenization) so the thief doesn’t get any info.
Haven’t had to carry cash in years and I stopped getting fraudulent charges years ago too when I started using tap (Apple Pay/google pay). Same thing for my mom when I convinced her to let me set it up for her. She was reluctant at first (like many older people) but loves it now since she hasn’t had fraudulent charges in ages. They were likely from gas stations before.
@@jayespin Have you heard about the "glue scam" with the Tap ATM devices? People need to make sure they end the transaction properly at the end since Tap transactions don't end themselves automatically after money is withdrawn....
To avoid this issue, I use Apple Pay on an iPhone in combination with the Revolut app. In the Revolut app, I only enable "contactless payments" for each card. "Swipe payments using magnetic stripe" and "ATM withdrawals" are disabled for each Revolut card..... These are security settings you can configure inside the Revolut app.
Why not require a PIN at point of sale?
Multi factor authentication would end all this. The cards would be unusable without authorization of the purchase or passing a preset limit that is always authorized. The credit card companies leave these cards wide open. Let the people that want to use multi factor do so.
Nope not swiping no card. Leave the items behind.
In he rest of the world where Chip/pin was properly implemeted, a card issued as a chip card cannot be used as a mag stripe card in a terminal that can support chip/pin. So even if they copy the "magstripe" content from the chip and write onto blank mag stripe card, the transaction will be rejected by issuing bank back home unless that POS terminal lacks chip capability. (mag stripe-only terminals still common in USA but not in rest of world). If merchant is on a magstripe-only POS, then he bears costs of fraudulent transaction.
In parts of the USA where bank adopted the useless chip/signature, many foreign cards would fail because the rules built into the card's software required chip/pin but the terminal would reject that option since it did not have the software to handle chip/pin. (this is less of a problem in recent times).
Other countries moved quickly from magstripe to chip/pin and this has made miuse of card data far less of a problem. The USA moved too slowly and didn't jump onto chip/pin right from start. Chip/signature cards are useless because you don't need to deal with the isse of PIN verification which is one way test on the card (feed it the PIN and card responds to POS with "yes" or "no", and in some cases, the PIN is transmitted to issuing back with the transaction authorisation and it is the bank that verifies it. But you cannot obtain the pin from the card because it is stored as one-way encrypted with keys.
What I learned.
We will never be protected from this nonsense.
USE the atm in your bank's branch only.
So basically they make the chip unusable and force you to swipe. The solution is to disable the swipping mechanism and if it doesn't read the chip just use nfc on your phone.
He should show us how it's done
Why don't you ask him how a business can be vulnerable, how they can guard against, how they can watch for these shimmers - is it employees that install them?
Why don't we tax businesses based on any devices found and reported. That way the business owner will be more inclined to have their employees routinely check for these readers.
Sic the IRS after them.
Thanks for the report, HOWEVER, it would be very helpful if these video reports would devote at least 25% of the video to showing folks what these some of skimmers look like at the actual pay terminal. Not a skimmer that has been removed, but what does it look like in place and functioning. HOW does it look different?
in another video they said tap to pay is safe here they say no it isn't
Starting most sentences with 'So, ...' does not make one sound particularly intelligent.
Finally, colour grading is available in traditional news outlet 😂
And yet, retailers are pushing us to use cards instead of cash. Not me.
yeah, but then you are a target for muggers.
Google pay and Apple Pay defeat skimmers so I would say you can still use your card (on your phone) and not have to worry about losing a lot if you get mugged.
We have this problem because there is no downside to committing these crimes. Very few criminals are smart enough to write the software and burn the chips necessary to commit these crimes. Those who make the electronics should receive lifetime without parole and no outside access to prevent them from ever writing or distributing the tools criminals use to commit these crimes. The criminals upon being caught should receive at least ten years without parole on a first offense and double the sentence for each additional offense. Members of the public should be allowed to catch and stop these criminals with whatever means they wish without fear of liability of any sort, no matter the harm done to the criminals. Once a good person catches and orders a criminal to drop the skimmer and submit, the criminal should have no other option than to obey. If the criminal fights back, th4e criminal goes away for life. If the criminal kills the good person, the criminal gets fried extra crispy in old sparky. Legal public vigilance is a good thing. That will put a damper on skimming offenses and other crime.
PIN codes - get with it
Yeah we know
why can't US go to Chip & PIN like in Europe?.. They have been doing it for decade.. Pls don't tell me because it will make 15-sec longer transaction.
There are device used to exploit those already dearie, I saw them with my two eyes when the dude building it was demonstrating for their forum members how it's used, I was invited to the forum by one of their members. The truth is that same people who provide these securities to the bank are also same people who teach how to break them so they don't go out of business because if the are not broken the builders won't be contracted again😂
@@Hook_Line_Sinkerhow can I get a link to the forum bro? Interested in joining them.
@@Encodingfingers see channel description to chat with me. The tele gram handle is there
I've been ripped off through 5 cards some don't last a month
We could uproot the weeds that are choking the plants that bare fruit instead of letting them grow out of control.
Why don't they put an alarm on the POS machines when it's been tampered with, encrypt the cards...
Cover up your PIN code. Some of the skimmers are connected to a camera that records your PIN.
Good advice, though I have had multiple creeps try to see my PIN at bank machines and convenience stores. They stand on an angle, behind you, to the side, at a bit of a distance. I guess they have luck doing that with other people. Not me, so far, thankfully... So, even though I'm covering the PIN pad, they were hoping to see what numbers I pressed.
Some phone cameras with add on equipment can also read heat levels from the buttons recently pushed which can reveal the numbers and sequence.
When I finish adding my pin, I rest my fingers across the pad (especially plastic or rubber buttons as they retain heat easier.) This makes the entire pad light up like a cmas tree and they cannot obtain your pin by taking a pic after you walk away.
Financial predators simply refuse to give up.
Pay cash!
Going to start paying in cash now 😧
Yup he tried that one but he failed.
How do you swipe a card with a magnetic stripe to make an online purchase? You make online purchases from your phone or computer.
How much do losses cost consumers on the average? I also notice that some stores have signs stating that a certain extra charge will be added if credit is used! And gas stations charge 10 cents per gallon more for credit! Why throw away money?
So can't do anything about it. Why worry? You're not liable, period
Amazing he US still hasn't adopted Chip & PIN.
The chip works! It's the people that prevents the chip from doing its job.
Two factor authentication. Send a one time code to my phone. We are going there.
I use cash, and I carry. Some stores or registers don't take cash... I don't shop there.
Since he didn’t explain it, the only reason to ever use a Debit card is if you’re on Gordon Ramseys Baby-steps / terrible with money.
Otherwise a debit card is the worst. 1. It’s your money that’s stolen, so may not be reimbursed. 2. No rewards / points. 3. No credit boost.
I think I’m going to start loading up over the counter visas and use those instead.
Great this is never gunna end 🙄
How does adding your credit/debit cards to a digital wallet and paying with your phone change the risk analysis? It seems pretty safe to me. I leave my credit cards and home since they are all in my phone's digital wallet. Any issues paying with the phone then I just use cash. So far so good.
Paying with Apple Pay or google pay is safer than chip and swipe. Credit card info never leaves the phone so even if it got skimmed the skimmer has no credit card info. The solution exists, it’s just people are behind (especially American citizens). I still see people using cash all the time at McDonald’s for example. I just tap my phone at the drive thru or in the restaurant and I’m done. Easy peasy.
These people need to spend less time finding ways to steal and more time finding a job.
Jobs need to pay more than crime. 🙄
I would rather have security > convenience
Eventually credit and debit cards will no longer have magnetic strips. Some exist now.
Master Card already has plans to eliminate the mag strip on their cards.
Check your online statements a couple of times a week. If something looks off, dispute it. Keep all your receipts.
I only put what I need into my checking. Everything else goes into my savings. Also, I get text notifications when there's any transaction.
How sad this is happening no matter what kind of credit card you use (chip or no chip). So far I have not used my credit card in retail reader machines because of all this theft going on. I use other payment methods and cash.
Know This-No matter what protections engineers build into
system, there are engineers working for the crime world to
overcome these protections. Always have. Always will.
!
I have a chip and the most that will happen is i'll have to insert the chip end of the card in the machine. If it ever wanted a swipe i'll be suspicious.
Thanks
cdbc error here we go
Skimming: it’s the process of making butter from Milk. Whoever skims gets the butter the grease part, the rest are left with low-fat malnourished milk, which is good if the later group had accumulated enough butter earlier. Now the serious part:
For any payment, (card/cheques/stamps) it gets processed and a BILL is generated. Therefore, from the above example, the butter eaters get skimmed first and this can go on on until it becomes a scam!!
Let's go back to those carbon paper things and get rid of pin pads.