Gas Pump Credit Card Skimming on the Rise - Other News

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Gas Pump Credit Card Skimming on the Rise

Gas Pump Credit Card Skimming on the Rise

Gas Pump Credit Card Skimming on the Rise
The content is accurate at the time of publication and is subject to change.

With the potential for yielding more profits for criminals than dealing drugs, skimming is becoming an increasing problem at gas stations and ATMs throughout America. In 2009, skimmers stole more than $1 billion across the country and the amount is increasing every year.

Apparently, it is not that complicated to commit this crime. Thieves rig a gas pump or ATM with their own card scanner, typically installing it right on top of the machine’s original card terminal. When a customer swipes their card to pay, the foreign reader lifts data off the card’s magnetic strip which it then stores or transmits wirelessly to a computer located nearby. Meanwhile, a tiny camera that has been mounted above the keypad (hidden perhaps in the light that serves to illuminate the machine) records images of your fingers typing in your PIN. Crooks then have everything they need to manufacture copies of your card with which they can access your accounts and charge up a storm, often wreaking a lot of havoc before you even have any idea something may be amiss. The equipment used to siphon off people’s private information takes swindlers only moments to install and seems to be, based upon the increasing incidents of skimming popping up across the nation, worth the effort.

As published in the 2011 Data Breach Investigation Report which was compiled by Verizon with assistance from, among others, the Secret Service, there were 137 gas pump skimmer cases nationwide last year, twice as many as in 2009. A Secret Service spokesperson stated that criminals looking to swipe people’s info at the pump prefer to seek out stations in high-traffic areas such as ones near busy highway exits to install their scamware.

There are some protective measures companies can employ to protect their customers against such theft but, as Director of Risk Intelligence for Verizon Wade Baker admits, “the game changes pretty dramatically when the purpose of the system is to be used by the public. People have to be able to walk up to a gas pump 24 hours a day. You can’t put a barricade around it.”

A few easy things consumers can do to thwart thieves are to cover the keypad with their free hand while entering their PIN number to obscure any view a camera may have of their fingers punching in a code, avoid (and report) any ATMs that have plastic overlays covering their keypads or any glue or glue residue visible around the keypad’s corners, and regularly review their bank and credit card statements to keep an eye out for any unusual activity. If any are found, report it immediately to the bank or credit card company.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

With The Chase App Cardholders Can Send Gift Cards
With The Chase App Cardholders Can Send Gift Cards

Posted: April 19, 2019

Have you ever wished you could just send a gift card to someone easily and quickly? If so you might want to check out the new feature Chase has added to their app letting users do just that. With the Chase App cardholders can not only… Continue reading

Getting 100,000 Bonus Points with the Marriott Bonvoy American Express Credit Card
Getting 100,000 Bonus Points with the Marriott Bonvoy American Express Credit Card

Posted: April 17, 2019

If you have the Marriott Bonvoy American Express credit card you might want to head over to the website to register your card so you can pick up an extra 100,000 bonus during the year. How does it work? It is fairly simple. Continue reading

Refer a Friend for the Chase Sapphire Preferred Credit Card and get 15,000 Points
Refer a Friend for the Chase Sapphire Preferred Credit Card and get 15,000 Points

Posted: April 15, 2019

People with the Chase Sapphire Preferred Credit Card can now get 15,000 bonus points if they refer a friend – and the friend is approved. What’s even better is that they can make up to five referrals which would let them bank an extra… Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Introducing the New Citi Rewards+ Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap
For Excellent, Good Credit
Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
For Good/Excellent Credit
See Rates & Fees
Perfect credit not required for approval; we may approve you when others won’t
For Fair/Bad Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!