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Warning: New ATM skimmers could empty your bank account

A man uses an ATM at a Bank of America branch in New York City.

Credit: Spencer Platt

Credit: Spencer Platt

A man uses an ATM at a Bank of America branch in New York City.
By Mike Timmermann
April 11, 2017

An alarming new report found there was a 70 percent increase in the number of debit cards compromised at ATMs and at card readers used by merchants in 2016, according to FICO Card Alert Service.

For years, Clark Howard has warned about thieves using skimmers at ATMs to steal your money.

Police departments nationwide are having a difficult time keeping up with the bad guys because they’re constantly using new technology to improve skimming devices.

One of the latest weapons in their arsenal is the deep-insert skimmer, a tiny device that goes inside ATM card slots.

According to TransUnion, they're different from other types of skimmers because they're placed in a way that they're usually not visible to the person using the ATM.

KrebsOnSecurity said it acquired this how-to video to show the devices in action.

ExploreRead the full story and learn how to protect yourself at Clark.com

About the Author

Mike Timmermann
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