$.3m stolen by card skimming in 3 days

POLICE are investigating reports that card skimmers managed to siphon off almost $300,000 from the bank accounts of 60 people over a three-day period.

A police release on Thursday said  Fraud Squad investigators received reports from 60 people between Monday and Wednesday.

A skimmer is an electronic gadget that can be disguised to look like part of an ATM (automated teller machine). When a customer inserts his/her debit or credit card, the skimmer "captures" information entered by the customer, such as the card's PIN (personal identification number). This information can then be replicated o to counterfeit cards, allowing the criminal to withdraw money from the victim's account.

The release advised customers to pay close attention to ATMs for any unusual shape, configuration, evidence of glue or duct tape that may suggest the machine had been tampered with.

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"$.3m stolen by card skimming in 3 days"

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