Skimming is a fraudulent technique used to collect sensitive card details by using a discreet device, typically placed on ATMs or gas station payment terminals. The purpose of skimming is to clandestinely capture information from the magnetic stripe or chip embedded in the payment card, including the cardholder’s name, card number, and expiration date. Skimmers range from small, inconspicuous devices that fit over the card slot to more advanced ones that employ technology to wirelessly transfer the stolen data to criminals.

When an unsuspecting user inserts their card into a compromised machine, the skimming device reads the card’s information, while a hidden camera or keypad overlay may also record the PIN code entered. With this stolen data, perpetrators can create cloned cards, make unauthorized online purchases, or sell the information to other criminals. Due to their discreet nature, skimmers are favored by fraudsters as they can be easily installed and quickly retrieved, leaving victims oblivious to the act until unauthorized transactions appear on their accounts. Ultimately, skimming poses a significant threat to the security and privacy of individuals’ financial information.

Discover Our Solutions

Exploring our solutions is just a click away. Try our products or have a chat with one of our experts to delve deeper into what we offer.


Unlock More Insights


2022 Deloitte Technology Fast 500™ Ranks Microbl…

Esteemed group includes global, award-winning, SaaS company with industry-leading number of customers touting triple-digit pe…

Seguir leyendo

3 ways automated document verification software sp…

Automated document verification software speeds up onboarding by reducing manual effort, improving accuracy, and enhancing co…

Seguir leyendo
Caso práctico del sector

A guide to getting remote identity verification ri…

We live in an age where we have dozens, if not hundreds, of online accounts. They form a core link between us and the service…

Seguir leyendo
Explore resources