Be careful where you use your credit cards. "Skimming" cases are on the rise as thieves are finding more and more ways to steal your information and money.
"Skimming" is a popular way these thieves steal your credit card info at restaurants, ATMs, and, most likely, gas stations. They do this by installing a small "skimmer" in or over the actual card slot. It's so popular at gas stations because it is almost impossible to see the tiny skimmer inside the card slot at the pump.
When a credit card is run through a skimmer, the small device stores the card holder’s data. Once the credit information is obtained, the thief can then sell the information or clone the credit card.
There are also handheld skimmers that they can use to get your info. One McDonald's drive-thru employee in Florida stole card info from around 70 customers using one of these gadgets.
Skimmers are getting harder and harder to spot. Click this link to find out why.
To avoid major losses, check your credit card statements regularly and report any unusual charges. Thanks to the Fair Credit Billing Act, you're off the hook for bad charges once you report the theft.
Second, if you’re at a gas station, choose a pump near the convenience store part of the station, close to the attendants. Experts say skimmers prefer to target pumps in the shadows.
And remember, if anything seems fishy around an ATM or pump, you can always choose to pay in cash to avoid the situation altogether.