Credit Card skimming is a form of identity theft.  Skimming involves setting up a counterfeit reader to capture magnetic strip and keypad information when you swipe your credit or debit card at ATM machines, gas pumps, restaurants, or retailers.  The counterfeit reader records all the credit card information as it passes through.   Victims of credit card skimming are usually unaware of the theft until they receive their billing statement. 

How to protect yourself:

1.      Be aware. 

a.       Monitor your checking and credit card accounts daily and immediately report any suspicious activity.  Don't wait for your bank statement to come at the end of the month. Monitor your accounts daily online.

b.      Examine the ATM before using it, make sure there are no devices attached to it.  To reduce your risk, use machines at banks rather than in convenience stores, airports or other isolated location.

2.      Choose credit instead of debit at the gas pump. 

a.       If you need to use a debit card be sure to choose the credit card option so you don't have to expose your PIN.

b.      Processing through a credit card network, will provide greater protection from liability if fraud does occur.

If you suspect that you may be a victim:

• Contact your creditor to let them know.  Call first and then notify them in writing.
• Place a fraud alert on your credit report.  This forces businesses to confirm your identity before approving applications in your name.
• Alert the Federal Trade Commission (FTC).  Your complaint will help catch the thieves.

(Sources: www.networld.com/community/node/33210 ; www.credit.about.com/od/privacyconcerns/a/credit-card-skimming.htm ; www.consumerreports.org/cro/money/credit-loan/debit-cards/debit-card-scams/overview/debit-card-scams.htm)