WARNING: ATM Skimming Device Found At Local Financial Institution
It has recently been brought to our attention that an ATM skimming device has been found on an ATM in the St. Paul area. NuSource urges all of our ATM owners to inspect their ATM card readers for any suspicious looking devices.
What Is ATM Skimming?
Although efforts have been made to enhance payment card technology, ATM manufactures say skimming still remains the number one global threat when it comes to tackling card fraud. ATM skimming is like identity theft for debit cards. Thieves use hidden electronics to copy personal data from the magnetic strip on an ATM card. Generally, a skimming device is accompanied with a PIN capturing device. Despite ongoing efforts to speed up EMV migration, it will be some time until the entire world is EMV chip enabled. Until then, financial institutions must invest in anti-skimming technology and thoroughly monitor their ATMs for suspicious devices.