Credit Card Shimmers Are On The Scene
A new report from The Better Business Bureau is warning us about a new scam, it's credit card shimmers.
According to BBB shimmers are a paper-thin, card-size shim containing an embedded microchip and flash storage is inserted into the “dip and wait” card slot of an ATM or gas pump payment terminal that's indoors or outdoors. There it resides unseen to intercept data off your credit or debit card’s EMV chip for fraudsters. The intercepted data is used to create a magnetic stripe version of the card that can be used in payment terminals that haven't been updated with EMV chip technology.
You can protect yourself by doing the following.
Use the contactless tap-and-go feature on your credit or debit card instead of swiping or inserting your card.
Use contactless mobile services such as Apple Pay or Samsung Pay to tap and pay.
If you’re withdrawing cash at a bank, go inside to a teller.
Use ATMs in banks rather than more vulnerable standalones.
Cover the keypad with your hand when entering your PIN.
Don’t proceed with a transaction if your card encounters resistance when it is inserted.
Contact the bank, merchant and your card issuer is you suspect your card has been compromised.
More information at bbb.org