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Credit card fraud has become a constant and pervasive threat, and debit cards aren’t immune to being stolen either. The Federal Trade Commission reported 66,090 instances of credit card fraud in 2020.
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This is why it’s so important to know where the risks are, so you can better protect yourself from those looking to steal your information.
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Thieves have been skimming debit (and credit) card information from ATMs for years, and the innovation of chip cards was partly developed to address this risk. As the credit card industry advances, though, thieves adapt — and Consumer Reports notes they now have “shimmers” that can read chip-based cards.
Gas stations are a haven for credit card thieves, as the pumps see a lot of customers and often receive minimal supervision. As a result, thieves have ample opportunity to install skimmers and sometimes tiny cameras that capture PINs.
The problem is so bad, the Secret Service has gotten involved. The agency found almost 200 skimmers at 400 gas stations during a crackdown in 2018.
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