April 1, 2011 - Over the years, we done a number of articles on ATM card and credit card skimming. In short, skimming a method that allows criminals to gain access to your credit and debit card information. That information can be used to create copies of your cards or sold to other criminals. And there is very little chance that the criminals will ever be apprehended. We recently came across the following video that shows just how easy it is to become a victim of this crime.
The video is just further evidence that consumers need to check their credit card statemens and bank statements every month. If you notice charges on these statement that are not yours, report them to your credit card company or bank immediately. In the case of debit cards, you only have a short window of time to make the report to have any hope of getting your money back. The maximum liability for credit card fraud is $50 and most card companies will actually waive this charge.
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