[David Cranor] has found a way to fool a magnetic stripe reader using a hand-wound electromagnet and an iPod. The data on a card is read and stored on a computer, then encoded as a WAV file using ...

By one estimate, card skimming devices costs consumers and financial institutions roughly $1 billion each year.

And always cover the keypad when you enter your PIN. If your debit card has chip technology, use this instead of the magnetic strip. Be sure to monitor your account for unauthorized transactions ...

These cards are a little different to the credit-card-style cards we might expect, instead they’re a narrow strip with a magnetic stripe down their centre. The unusual feature can be found at ...

When customers go to swipe their credit or debit cards using the card reader ... When a card is skimmed, its details can be stolen via the card’s magnetic strip. Then, information like the ...

A 32-year-old Illinois man has been accused of cloning credit card and debit card data from ATM users at two area convenience ...

They try to hide these devices on ATMs and fuel pumps and "skim" the data from the magnetic strip on the back of your credit card. Even chip-enabled credit cards are vulnerable to skimming because ...