Be careful when you use ATMs and other payment processing machines, because scammers may be using high-tech tools to capture your account information. These scams, known as "card skimming," involve attaching devices to money machines that read the information on your debit and credit cards when you swipe them. They then utilize a nearby concealed camera to record your personal identification number (PIN).
ATMs and automated payment machines in airports, convenience stores, hotel lobbies and other well-traveled, public places may be most vulnerable. However, card skimming may take place at any ATM or card processing machine, including those on bank premises. As technology makes these devices smaller and more powerful, the risk of card skimming grows. To protect yourself, follow these precautions.
Walk away from an ATM if you notice someone watching you or if you sense something wrong with the machine; immediately report your suspicions to the company operating the machine or a nearby law enforcement officer.
Before using an ATM, examine nearby objects that might conceal a camera; check the card slot for a plastic sheath before inserting your card.
Never keep a written copy of your PIN in your wallet or purse as it could be stolen; instead memorize your PIN and keep a paper record hidden at home.
When entering your PIN, stand close to the machine and hold your hand over the keypad or screen to make it more difficult for a person or camera to watch you.
Beware of strangers offering to help you with an ATM that appears disabled and notify someone responsible for the security of the machine.
Regularly review your account statements, either online or on paper, and check for unauthorized withdrawals and purchases. If you find one, immediately contact your bank or credit card provider, as this will limit your financial liability for fraudulent charges. Federal laws limit your liability from debit and credit card fraud.
The above information is courtesy of the Office of the Comptroller of the Currency Administrator of National Banks. For more information and to read the full article, click here.
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