Deep Insert ATM Skimmers May Pose a Risk to Your Money

Most of us have heard about ATM skimmers.  They are card readers attached to an ATM that can steal the data off your debit or ATM card's magnetic stripe.  The data can then be used to create a clone your card.  Typically, skimmers can be easy to detect if you know what to look for.  However, a new breed of ATM skimmers known as deep insert skimmers can be much more difficult to spot.  These are wafer-thin devices hidden inside the card acceptance slot of the ATM.  They are virtually impossible to detect when on an ATM.

Using an ATM (or for that matter, a credit card reader in a retail store) always poses some degree of risk.  However, there are steps you can take to better protect yourself.

Prepaid Cards and Your Privacy

Prepaid cards, also known as “general purpose reloadable cards”, have become increasingly popular in the past few years, among both consumers with and without a bank account. According to a recent report by The Pew Charitable Trusts, approximately 1 in 11 consumers use a prepaid card at least once per month, and 27% of these users do not have a checking account.

Since prepaid cards look and function much like bank cards, many Americans may see them as a simple alternative with less obligation. However, prepaid cards can also come with a hefty list of ‘terms and conditions’ governing fees, penalties, and responsibilities the consumer may not even be aware of at the time of purchase.

 

So you have a privacy question or complaint—now what?

Submit your privacy questions and complaints to us through our Online Complaint Center (OCC). Privacy Rights Clearinghouse’s dedicated Consumer Advisor responds to everyone, and we work very hard to stay up-to-date on a wide range of privacy issues

Here are some common questions we receive about the OCC.