Skimming


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.
Related to Skimming: Price skimming

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 ?
The keypad of the machine is another place where the skimming devices and cameras were found attached.
Police said three men were caught red-handed trying to install a skimming device on an ATM in the upscale Defence Housing Authority (DHA) locality early Sunday, only hours after a similar arrest from the Tipu Sultan Road area.
Incidents of ATM skimming in Karachi appear to have first surfaced in 2016.
Similarly, another Chinese national was arrested for ATM skimming by Bahadurabad police.
Tesco Express, Roman Road, Linthorpe: A caller believed he had found a skimming device from the cash machine on July 6.
A disued slate quarry, now filled with water, is where the competitors annually chance their arm and a legacy of the industry is an abundance of smooth and shiny stones that are perfect for skimming.
You always get a skimming stone with some sort of gold panel and various prizes like hampers, gifts or vouchers for winning.
As I was starting to say, stone skimming actually has had world championships held in its name, and world records created and broken
Statewide sweeps likewise have uncovered plenty of skimming devices at the pump, including 103 devices found at Florida c-stores across 29 counties last year, and six devices found in New York State earlier this year.
In fact, today skimming accounts for 98 per cent of financial losses at the ATM, according to Marketplace.
MANILA -- A 35-year-old Bulgarian attempting to install an ATM skimming device at a bank was arrested on Thursday morning by the Quezon City Police Station 10 operatives.
In the latest in a string of credit union card fraud cases, hundreds of $467 million Quincy Credit Union members became casualties in a skimming attack affecting ATM/debit card access.