Credit card ‘skimming’ crimes on the rise l GMA

Now we're going to move on to increasing danger as you swipe your

credit

card

, according to the FBI, costing consumers and financial institutions more than a billion dollars each year. Benitez joined us to learn how you can protect yourself and Geo a. Great question, what exactly is he stealing, hey Michael? So take a gas pump for example, a criminal can open this payment terminal and secretly install a device that you won't even know is there, but when you swipe that

credit

card

, they steal all your data and This morning, here same, the Secret Service actually says skimmer is on the

rise

.

Watch as a man dressed as a construction worker places what police say is called a skimmer on top of a credit card terminal at a Fresno, California, convenience store while his co-worker works as a distraction. The store employee, one of them, asks the employee for help to go back there and help him, meanwhile, the second suspect, in a matter of seconds, takes out a skimmer and places it over the point of a transaction area. The skimmer then collects data. from unsuspecting customers swiping their credit card providing the information to suspects. Who police say they are still looking for and in Watsonville, California, Watt has another suspect who also quickly plants a skimmer.

The police then confiscate the device. This suspect was captured and charged with possession. and use of a credit card skimmer pleaded not guilty and there are more cases in DC and Oakland where suspects are still at large the US Secret Service that protects payment systems says skimmer

crimes

are on the

rise

We are just coming out of a two year period where it was okay for bad guys to wear masks to commit their

crimes

and where it became very brazen in that period, so it seemed like the activity definitely increased the era of greed and Experts warn that it's not just happening inside gas stations, there are three main avenues of theft that occur within our payments ecosystem: we have overlay terminals at points of sale, we have theft at gas pumps, and we have theft at ATMs. , but the Secret Service says that overlay terminals where the criminal places the device over an existing card reader are the most common. the device extracts information from the magnetic stripe on the back of your credit card what's on that magnetic stripe is actually your account information the CCP number the expiration date your name all those different things okay so, what?

How do you protect yourself well? We talked about that. magnetic stripe try using the tap feature that a lot of those credit cards have now try tapping instead of swiping your card also grab your phone if you have a mobile wallet like Apple Pay try using that instead and when you're here at the keyboard just Tap the numbers to see if they're a little loose, if it feels different, if it feels weird, just try moving to the next terminal and don't use that one. You really just have to protect yourself here because this is very hard to understand guys hey Geo those are all great suggestions thank you very very helpful well hello GMA fans Robin Roberts here thanks for visiting our channel YouTube, there's a lot of great stuff here, so keep going, click the Subscribe button on the right.

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