Familiarize yourself with how debit card information is stolen through different common skimming methods: If the perpetrator manages to get hold of the victim’s physical card for a second, they can swipe or scan it with a reader to extract the data. The fraudster may tamper with an existing payment terminal or ATM.

Jul 13, 2020 · Thieves devise ingenious ways to steal information from debit card holders. Online, they might try phishing you via email, posing as your bank or another reputable agency and requesting your card information and PIN number. Always contact your bank directly – not by replying to a possibly phony email – to verify such communications.

So, how do criminals get your customers' debit card data? Here are 10 different ways: Attack sophistication: Low / Scale of attack: Small. The simplest way for a criminal to get card data is to steal someone's card. To get the PIN, the thief might shoulder surf or guess a weak password, such as a birth date.

Feb 27, 2025 · According to the United States Federal Trade Commission, if your credit, ATM, or debit card is lost or stolen, federal law limits your liability for charges made without your permission, but your protection depends on the type of card — and when you report the loss. How can someone use my debit card without having it?

Jul 12, 2024 · Scammers can use sensitive financial details — your card number, PIN, CVV code, and expiration date — to make purchases that drain your bank account. If left undetected, debit card fraud could potentially wipe out your bank balance. You’ll need to go through a process to dispute the charges and/or withdrawals to try to get your money back.

To make the phishing email look more convincing, scammers may use your actual data from previous data theft. For example, customer data such as payment card type, expiry date, and the last four digits of the card number could have been stolen from a car rental platform.

Aug 15, 2023 · If your debit card or the card number is used to make an unauthorized withdrawal from a checking or savings account, you can minimize your losses by contacting your bank as soon as possible. Your maximum liability under the EFTA is $50 if you notify your bank within two business days after learning of the loss.

6 days ago · She is one of a growing number of Americans who have experienced credit card skimming, a type of fraud that involves the stealing of your credit or debit card information from ATMs, point-of-sale (POS) systems, and fuel pumps. ... “Skimmers are devices that fraudsters attach to payment terminals to steal credit and debit card data. You ...

Oct 17, 2024 · Stealing Physical Cards: If someone steals your debit card, they can easily withdraw funds if they know or guess your PIN. Intercepting Mail: Scammers may steal new debit cards or replacement cards sent via mail before you even receive them. Fortunately, there are several ways to reduce the risk of debit card fraud.

Skimming: Stealing credit/debit card numbers by using a special device on ATMs or when processing a purchase. Phishing: Pretending to be a financial institution or other company & sending email or pop-up messages to get you to reveal your personal information.