Using an ATM, paying for petrol or shopping at a retail store are pretty routine things that many of us do on a frequent basis. But it’s important to be aware of the often invisible threat posed by a criminal practice called skimming, which sees fraudsters clone bank cards.
Across the pond in the US, data analytics firm Fico reported a 96% increase in debit card skimming in 2023, and recent months have also seen prominent cases in the UK. Let’s take a moment to understand what skimming is a little better, and go over the best ways in which you can protect yourself.
Is it really possible to clone a bank card? Once they have my card details, how do they use them? Are banks doing anything to protect consumers? In under 3 minutes, we answer your questions!
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A podcast written and realised by Joseph Chance.
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