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Point-of-sale skimming

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Definition Edit

Point-of-sale skimming is a

high-tech financial fraud involves placing a device over (or sometimes replacing) an existing card slot on a credit card reader or ATM. The device "relies on sophisticated data-reading electronics to copy the magnetic stripe information from [the] credit card or debit card. It can capture both [the] credit card number and [the] PIN." Fraudsters can then retrieve the stolen information by physically collecting the skimming device or by programming the device to broadcast the data to thieves over a network.[1]

References Edit

  1. Cybercrime: Conceptual Issues for Congress and U.S. Law Enforcement, at 3 (citation omitted).

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