Credit Card Fraud

Credit card skimming, also known as credit card cloning, is a type of fraud in which the perpetrator uses a skimmer or clone machine to copy the information from a credit or debit card’s magnetic strip.

Credit card skimming is one of the most common forms of identity theft. There are many reasons why it is so popular and easy to commit. However, one reason that might be overlooked is that it has become increasingly easy to do with technology.

A few years ago, it took hours for thieves to clone cards by hand because they had to physically remove the information from cards and manually enter it into cloned cards that were then used at stores. Now, with a machine, they can do this in minutes – or even seconds.