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Consumers: Pay Attention to Detail Fortunately, there are several specific actions that both FIs and consumers can take to minimize the impact of skimming. As I mentioned in my last skimming post , consumers can pay close attention to PIN pads and payment terminals when using a credit card or a debitcard.
Another colleague of mine, TJ Horan, recently wrote a post about the growth of scams and the potential for regulation and noted that: Data from the FTC shows that to date in 2022, consumers report losing $703 million from bank transfers and payments, $90.6 million from debitcard payments, and $82.2 Debbie holds a B.A.
Card Skimming Fraud Grows 700+% in First Half of 2022. Credit card and debitcard skimming fraud is back with a vengeance in the US, while other fraud types are seeing global growth. Darcy Sullivan. Tue, 11/10/2020 - 12:17. by Debbie Cobb. Senior Director, Product Management. expand_less Back To Top. Debbie holds a B.A.
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