U.S. Card Skimming Fraud Grows 700+% in First Half of 2022
FICO
AUGUST 16, 2022
And card skimming is big business; the FBI estimates that “skimming costs financial institutions and consumers more than $1 billion each year.”. Often thieves will put a false front on an ATM, gas pump or point-of-sale (POS) terminal, which reads and records the information on the card’s magnetic strip. Debbie holds a B.A.
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