Skimming is the transfer of electronic data from
one magnetic stripe to another for fraudulent
purposes.
POS devices are stolen, tampered and returned
to merchant locations with the intent to skim
or capture credit and/or debit card data which
is transferred to counterfeit cards.
A decoy is a device that resembles the merchant's
device. A decoy may be used to replace a stolen
device in attempt to provide the merchant with
a false sense of security and often does not show
the correct serial number. Once the tamper
is complete, the fraudster returns to install the
tampered device and removes the decoy.
The magnetic stripe card data is transferred
to a counterfeit card which is used to make
unauthorized purchases or to withdraw funds
from cardholder bank accounts.
What is skimming?
Why are Point-Of-Sale
(POS) devices being
stolen?
What is a decoy?
What do the fraudsters
do with card data?
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P R O T E C T I N G T H E P O S
