Gas Pumps Remain Prime Target for Card Fraud

Gas Pumps Remain Prime Target for Card Fraud

The growth of skimming on pumps continues to expand. Pumps are "one of the last bastions" for thieves, says Eva Velasquez, President, and CEO of the Identity Theft Resource Center. Magnetic-stripe technology, she says, lacks layers of protection. At a recent presentation, a Secret Service agent shared how much skimmers have improved. Skimmers are as small as a thumb drive and nearly impossible to detect unless you know what to look for.

Upgrading to EMV at the pump is a recommended strategy to thwart this growing crime wave, as EMV chip cards generate a unique code for each transaction, making the skimmed data useless to thieves.

To learn more, click here to read Patriot Capital’s March Newsletter.

To view or add a comment, sign in

Insights from the community

Explore topics