What is swiping scamming?

Swiping scamming, also known as card skimming, is a type of fraud where criminals steal credit or debit card information by using a small device called a skimmer. Skimmers are typically attached to legitimate card readers, such as ATMs, gas station pumps, or point-of-sale terminals, and are used to capture and store the card information of unsuspecting consumers.

Once the card information is collected, the scammers can then create duplicate cards or make unauthorized purchases using the stolen data. Swiping scamming is a common form of financial fraud and can result in significant financial losses for victims.

To protect yourself from swiping scamming, it is important to be vigilant when using your credit or debit card. Check for any unusual attachments or tampering on card readers before swiping your card, and always cover the keypad when entering your PIN. Additionally, regularly monitor your account statements for any unauthorized charges and report any suspicious activity to your bank or card issuer immediately.