Much of the fraud involving counterfeit credit, ATM debit and retail gift cards relies on the ability of thieves to use cheap, widely available hardware to encode stolen data onto any card’s magnetic ...

Security researchers are eager to poke holes in the chip-embedded credit and debit cards that have arrived in Americans’ mailboxes over the last year and a half. Although the cards have been in use ...

Banks are losing $1 million a month to scams targeting automated teller machine cards, but many of these crimes could easily be thwarted using security features already built into the cards, a report ...

Thieves are still able to steal information from cards' magnetic strips. — -- When it comes to stealing credit card information, it's unfortunately as easy as swiping your card in any skimming ...

Have you ever had your debit card or credit card information stolen from an ATM? If you have, you may have fallen victim to a skimmer. Tiny devices used by fraudsters called "skimmers" can be attached ...

Banks, credit unions and convenience stores on Long Island have fallen victim to ATM skimming in the past year, part of a $2 billion problem worldwide, according to the ATM Industry Association. In an ...

This week, FICO reported that debit card fraud has hit a 20 year high. Fraud at ATMs located in bank branches increased 174% from January 1 to April 9, compared with the same period last year. And ATM ...

A small length of magnetic tape adhered to credit cards, badges, permits, passes and tokens. The tape is read by magnetic stripe readers incorporated into ATMs, identification readers and payment ...