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Today: Jun 12, 2024
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High-tech thieves swipe cash from debit cards.

1 min read

TLDR: Criminals are using new technology to steal money from debit cards by getting around the chip. Victims have reported unauthorized withdrawals from their accounts, despite having the chip on their cards. The article offers tips on how to avoid card shimmers and how to get your money back if you become a victim.

Thieves are using new technology to steal money from debit cards, bypassing the chip that is supposed to provide security. Victims have reported unauthorized withdrawals from their accounts, despite having the chip on their cards. This new scam is known as card shimming.

Action 9’s Jason Stoogenke spoke with victims who lost cash due to this new technology. One victim reported having two $500 withdrawals taken out of her account. This highlights the need for cardholders to be aware of this scam and take measures to protect themselves.

The article offers tips on how to avoid falling victim to card shimming. One way is to use contactless payment methods, such as mobile wallets or payment apps, instead of using the physical card. This can minimize the risk of having card information skimmed by criminals.

Another tip is to regularly check your account statements and monitor your transactions. If you notice any suspicious activity, contact your bank or card issuer immediately to report the unauthorized transactions and request a fraud investigation.

In the event that you become a victim of card shimming, the article provides information on how to get your money back. It recommends contacting your bank or card issuer as soon as possible and filing a dispute for the unauthorized charges. Many financial institutions have fraud protection measures in place and can assist in recovering the stolen funds.

Overall, the article emphasizes the importance of staying vigilant and taking proactive steps to protect yourself from card shimming scams. This includes using contactless payment methods, monitoring your account for suspicious activity, and promptly reporting any unauthorized transactions to your bank or card issuer.