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Skimming is an illegal activity that happens when
your credit card or ATM/debit card data is stolen during what seems like
a normal transaction. The activity involves installation of an
electronic device, usually undetectable by the cardholder, which
secretly captures the data stored on the magnetic strip of the card as
it is inserted into an ATM or swiped at a retail outlet for making some
payment.Criminals can then encode the stolen card data onto a
counterfeit blank card and rapidly use it to withdraw money or make
purchases until detected by the cardholder. Skimming mostly occurs at
isolated ATMs or at retail outlets that process card payments,
particularly restaurants, petrol pumps etc. It is difficult for an
average person to detect skimming devices as criminals creatively apply
new technologies and techniques to defraud people. However, in the
public interest especially the financial consumers, State Bank of
Pakistan recommends following tips that may minimize the chances of
becoming a victim to skimming fraud.
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Always inspect the ATM or card reader available at any retail outlet
before using them. If you suspect tampering or see anything loose,
crooked or damaged, immediately report it to the concerned bank.
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If possible, use ATMs in well-lit public areas at an inside location as
such ATMs are less accessible for criminals to install skimmers.
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Don’t use an ATM with unusual signage or
instructions, such as telling you to enter your PIN twice to complete
the transaction.
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Before you insert your card in an ATM, put your hand on the slot and
wiggle it. ATM without skimmers will not wiggle at all. If there is a
skimmer, the slot will seem loose and may even pop off.
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While entering PIN, always block the keypad with your other hand to
prevent possible hidden cameras from recording the numbers being
punched.
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Don’t handover your credit card or ATM/debit card to other persons. This
action of yours may reduce the onus of the bank in case of fraud.
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Always keep your card in sight, whether you are paying at a restaurant,
petrol pump, or elsewhere. Criminals are quick and it takes just a
second to slot your card into one of their skimming devices.
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Keep all transaction receipts safely so you can verify them carefully
against bank statements. When discarding, be sure to properly shred or
destroy all transaction receipts.
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It would be in your best interest to subscribe alert services being
offered by the card issuing bank such as SMS, phone call or email alerts
etc.
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Do not approach an ATM if suspicious persons are
nearby. Never accept help from people you do not know while conducting
transactions at an ATM.
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