Question
Download Solution PDF"Skimming" in e-banking refers to
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFSkimming" in e-banking refers to Identifying fraudsters copying vital information from credit cards
- Skimming is an illegal practice used by identity thieves to capture credit card information from a cardholder surreptitiously.
- Fraudsters often use a device called a skimmer that can be installed at gas pumps or ATM machines to collect card data.
- Some machines act like point-of-sale technology. An acquired card is swiped, and a touchpad allows the user to enter a security code.
- Card users are warned to keep their cards in their sight at all times and to cover the pin pad when inputting security codes at ATMs.
Last updated on Jul 6, 2025
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