When you hand your card over to a stranger and they find a way to skim the card information, you just lost total control of your account. The skimming technology they use can hold up to 300 card swipes and has a battery life of a few days. They will take the skimmed information and upload it to their computers. Then they will either create new cards with that information by using a magnetic stripe writer, or, they will sell the card information to a group of people who will pass that information on elsewhere. All of this happens on average within a 24 hour window. I read an article today about group of men that were caught after using a fraudulent card. When their car was searched they found some 17+ cards re-written cards. They were using the cards to buy gift cards, Ipod’s, and PS3′s in New York with cards from all over the united states. Most of the people who’s card information was being used, hadn’t even noticed their card information was taken until the police reported it.
The next time you hand your card over, think about where it is going and where it may end up!
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