Joseph Piacentile: What Is Skimming?

By Bob Oliver


There's no denying the sheer degree of weight that is put into credit and debit cards alike. Such options are nothing short of vital, especially when it comes to the multiple transactions you're like to make with them. On that note, you should know about the form of fraud that is known as skimming. With the following details firmly in your mind, not only will you have a better understanding of what this process entails but how you can lower your level of risk to boot.

By definition, skimming is the process by which credit and debit card numbers are stolen, only to be placed on duplicate cards to be used by fraudulent parties. The way that this is done is with small devices referred to as "skimmers." Essentially, a card might be swiped through a legitimate machine, only to pass through another that's designed specifically to steal the aforementioned numbers. When this happens, it's easy to see that financial issues can arise.

While it's easy to assume that skimming is only done in big retail outlets, this is far from the truth. It's easy to see that these cases can occur in bars, taxi cabs, and wherever else these cards may be accepted. For this reason, it's important to exercise a level of care, which can be done with information from Joe Piacentile and others. As far as methods of prevention are concerned, the following information might be meaningful to you.

In order to prevent yourself from becoming a victim of skimming, consider having alternate forms of payment on you. Cash might be the best option, according to names like Joseph Piacentile, but it's not like you have to carry an ample amount with you at all times. Having a modest amount is enough, especially if there are emergency purchases you have to make. Also, if you require cash back, do so with the use of your bank's own ATM. Yes, it might be a little out of your way, but your financial security will remain intact as a result.

Your financial stability matters, which makes it unfortunate when skimming occurs to you. Suffice it to say, you should feel confident using your credit or debit card in any location. However, it's understandable if you feel hesitant to do so, especially in this day and age when information is so much more secure. Do not forget to carry out the methods discussed earlier, as suggested by individuals like Joseph Piacentile. You'll be happy that you did.




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