David Lerner Associates : Tips to Protect Against ATM Skimming Scam

Using Automated Teller Machines has become commonplace among Americans today. But many people aren’t aware of an ATM scam that could end up costing them big-time.

The scam is known as ATM skimming — here’s how it works: Thieves install a device called an ATM skimmer on top of the card reader on a legitimate ATM, which records the information on debit and credit cards’ magnetic stripes. They also install a tiny pinhole camera somewhere on the ATM — for example, on a disguised pamphlet holder — which records PINs as they are entered by unsuspecting victims.

See the tips in the slide deck below.