Skimming


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Skimming

1. The act of stealing a person's credit card information on an electronic device and transferring the information to a different card. It may occur during a normal business transaction. For example, if one uses a credit card to make a purchase, the person handling the card may surreptitiously swipe the card through another electronic device that copies the information contained on it. The skimmer then transfers the information to another card.

2. The act or practice of stealing a small amount of money from a company, especially over a long period of time, so that it adds up to a large amount. One example is a worker neglecting to ring up a sale and simply keeping the money. A more sophisticated example involves a banker stealing a few fractions of a cent each time a transaction occurs. Over time, this can add up to a great deal of money.
References in periodicals archive ?
Police Officer 1 Marcelo of the PNP Anti-Cybercrime Group told Gulf News in an interview that several foreigners have already been arrested for carrying out such illegal skimming operations.
Diebold's patent pending ActivEdge card reader addresses a comprehensive set of concerns related to skimming, trapping and fishing attacks.
James O'Donnell, South Wales Police's Community Safety Manager, said: "On April 8 a skimming device was found on a cash machine in Clifton Street.
Once the ATM skimming device was removed from the ATM, it would be plugged into a computer and the captured information would be sent to additional co-conspirators in Bulgaria, through the use of constantly changing e-mail addresses.
Sabric's chief executive Kalyani Pillay advises that skimming devices attached to ATMs are now so sophisticated that the customer will almost certainly not be aware of them.
With regard to skimming attacks at other payment terminals, decreases in attacks against attended point of sales (POS) terminals were reported by one country due to continuing terminal migration to EMV.
According to Postma, ADT anti-skim solutions top the list of effective skimming protections, which also includes tactics such as cardholder education, security-guard monitoring and video surveillance.
Federal response officials have been pressured by local and state officials to streamline US maritime restrictions that would allow more foreign skimming vessels to be put to work on the spill.
BTP said two people were in custody after they were caught using a skimming device on the Piccadilly line.
Apparently there was a skimming device that was noticed at one of our ATMs, which (when) attached to our card reader will steal account information,'' said Gary Kishner, the Los Angeles-based spokesman for Washington Mutual in California.
It's been a decade since such a "big improvement" in skimming technology has occurred, says Joseph V.
Skimming For Beginners: In celebration of our successful Olympic bid, and for the benefit of mankind, here's a 10-point guide to the grossly overlooked sport of ``skimming stones with a mate":