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Skimming and Payments Security
Approximately 39 million Americans fill-up every day and fuel dispensers have become one of many targets for thieves looking to steal credit and debit card information by “skimming,” an aggressive tactic used to illegally obtain consumer card data for fraudulent purposes. Skimming occurs when a third-party card-reading device is installed either outside or inside a fuel dispenser, which allows a thief to capture a customer’s credit and debit card information to create counterfeit cards.
Skimming is one type of cardholder data theft and are different than data breaches, which is the physical theft of documents or equipment containing cardholder account data (cardholder receipts, files, PCs, POS terminals), or un-authorized access or deliberate attacks on a system or network environment where cardholder data is processed, stored or transmitted…