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.

Protecting Your Privacy While Holiday Shopping

With the holiday shopping season upon us, stores and malls will probably be busier. Shoppers may need to deal with frantic conditions and are more likely to let their guard down than during other times of the year.  Scam artists and fraudsters know this, so they will be waiting for you to be forgetful or make a mistake.  Privacy Rights Clearinghouse wants you to know how you can help protect your privacy while shopping.

YouTube Video on Debit Cards: Know the Risks

The Privacy Rights Clearinghouse is pleased to announce the release of the fourth short film in a six-part series. The film, Credit Cards vs. Debit Cards: Know Your Rights, demonstrates the risks in using a debit card.

The 4-minute film is about a single mom named Sabine who learns that her debit card has been compromised; a fraudulent $312 purchase was made in a different state.  With only a few hundred dollars left in her account, Sabine has barely enough money left to pay bills while the bank investigates the fraudulent activity.

What could Sabine have done differently? Is there a happy ending in store for Sabine? Watch the video to find out. If you like it, we hope you will share it with friends and family.

Holiday Shopping? Ten Timely Tips

During the holiday season, you may be shopping more frequently and under more crowded and frantic conditions.   Follow these tips to help avoid scams and rip-offs.   Be a privacy-smart consumer!  Wherever you happen to shop this holiday season--the mall, online, or on Main Street--following these tips will help you have a safer and more private holiday season.

Want to Buy a $37 Soda?

Pay with a debit card and that refreshing soda on a hot day may give your wallet chills. Because of the way that most banks process debit card transactions, a $2.00 soda can generate $35 in bank fees. In this alert, we’ll highlight basic steps consumers should take to avoid the pernicious cycle of overdrafts and bank fees

10 Tips for Safe and Private Holiday Shopping

As the holidays approach, consumers are more likely to be visiting crowded stores and malls.  Scam artists and fraudsters know this, so they are likely to be lurking there too.  Privacy Rights Clearinghouse is pleased to offer these helpful tips to protect yourself during this often hectic holiday season.

Identity Theft: It Can Happen To You, But What's The Point of Reporting It? (Gladstone)

Crooks broke into our joint checking account and robbed us of approximately $1,500 last November. According to officials at the bank where we have our account, the debit card numbers on one of our bank cards was skimmed. What happens, they explained, is that thieves capture your information by attaching an electronic storage device to an automated teller machine (ATM) where your card is swiped.

Pages

Showing 1-10 of 13 results
Subscribe to debit card