How Does ATM Skimming Work?

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It can happen so fast. Your wallet goes missing. A thief gets his hands on your credit card information. Will you be the victim of identity theft? You've spent your whole life building your identityâEUR"your credit, your good name. Don't allow others to ruin what you've built. We can help you get an Identity theft protection plan that will keep your identity safe against the criminals who try to steal it.

Identity theft refers to something that is stolen and which has very private data. Often people are observed to be least worried about their belongings and this is the chance that is taken by criminals to steal what is most private to you. Things like your credit cards, mobile phones, computers, USB drives and many more have your private data. If this data goes into wrong hands, then it can prove dangerous to you. In spite of knowing all these factors, there are many people who still donâEUR(TM)t take good care of their private data stores. With inclusion of all these, there is one more aspect of identity theft; fraud in your credit report. This is more dangerous than any of your other things that are stolen. In short, stealing all such private assets and using them as the original person is using it, is called as identity theft. It is just like criminal has turned himself into you while using your assets.
Public places are more prone for such accidents to happen when you lose your private belongings and donâEUR(TM)t even notice it. Cases of stealing your finer prints have also been noted. So you have to be careful about some one stealing your finger print. After all, your thumb impression is unique identity that you possess. Stealing of credit cards and wallets are common accidents that happen in every public place. Now days, stealing of your mobile phones also happen. Your mobile phone may also contain some private data that you have. Same is the case with your computers. Difference is that compute thefts donâEUR(TM)t happen in public places. Let us see some causes of identity thefts.
In 2008, more than $1 billion was stolen in ATM-related crimes [source: ADT]. Sure, some thieves take the old-fashioned route and crack them right open, but there's a much quieter, high-tech form of theft targeting ATMs. It's called skimming.
ATM skimming is like identity theft for debit cards: Thieves use hidden electronics to steal the personal information stored on your card and record your PIN number to access all that hard-earned cash in your account. That's why skimming takes two separate components to work. The first part is the skimmer itself, a card reader placed over the ATM's real card slot. When you slide your card into the ATM, you're unwittingly sliding it through the counterfeit reader, which scans and stores all the information on the magnetic strip.
However, to gain full access to your bank account on an ATM, the thieves still need your PIN number. That's where cameras come in -- hidden on or near the ATMs, tiny spy cameras are positioned to get a clear view of the keypad and record all the ATM's PIN action. Always pay attention to objects mounted on the ATM or located close by. A pinhole or off-color piece of plastic could give away the camera's hiding place. Cameras could even be hidden in brochure racks
Some ATM skimming schemes employ fake keypads in lieu of cameras to capture PIN numbers. Just like the card skimmers fit over the ATM's true card slot, skimming keypads are designed to mimic the keypad's design and fit over it like a glove. If you notice that the keypad on your ATM seems to protrude oddly from the surface around it, or if you spy an odd color change between the pad and the rest of the ATM, it could be a fake.
Unfortunately, there are even more ways for thieves to access your bank account via an ATM --and some of them don't even require skimming.
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