The United States Secret Service (USSS) exposed multiple instances of card skimming fraud as part of an outreach program in Florida, preventing more than a million dollars in potential losses.
In skimming hacks, devices are illegally installed inside or on ATMs, fuel pumps, or point-of-sale (POS) terminals that capture data from inserted cards. Devices can also record PIN entries made by cardholders. The stolen data are then used to create fake payment cards that enable fraudsters to withdraw money from the victims’ accounts and make unauthorized purchases.
