Fraudsters take over $27 million by card skimming in 2 years

Minister of National Security Stuart Young has told the Senate that over $27 million have been stolen from bank customers via skimming.

The minister was responding to a question posed to him on the Senate Order Paper.

He told the meeting that the Police Service received 3,044 reports of card-skimming over the period January 01, 2017 to November 15, 2018, amounting to $27,482,292.22 being skimmed illegally.

The minister said he did not have information on how much has been recovered.

Card skimming is when a trickster uses a card reading device to copy a person's account information when they swipe a debit or credit card.

Once fraudsters get the information, they can create a clone of a debit or credit card and use this clone to withdraw large amounts of money from accounts.

 

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