What is card fraud?
Skimming is a type of fraud concerned with the electronic copying of data, which at a later stage are used to the cloning of a bank card. this type of fraud is most often performed by placing a skimming device on an ATM or POS terminal. On the rise is a new type of a skimming device for contactless bank cards. It consists of a POS terminal with an additional antenna.
This type of fraud involves the physical deprivation of a bank card. In this case the thieves does not have the bank card’s PIN, which makes it almost impossible to make a transaction on most parts of Europe. However, online shopping does not require a PIN code. Therefore, this type of fraud usually costs a lot to the card holder.
This type of fraud is related to the acquisition of personal data in a fraudulent manner. This information can be used for operating any current accounts or opening new ones.
This type of fraud occurs without the physical absence of the bank card. This can be done through bank statements, receipts or most often through online/electronic fraud.