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A new report shows that card fraud is on the rise, and your credit union could be at risk of being the source of fraud. A new FICO report shows that ATM skimming now makes up the majority of card fraud.
And the place where this skimming happens most often? Bank and credit union ATMs. This is a significant change from last year when almost 80 percent of skimming happened at point-of-sale terminals.
ATM skimming is more common because it only requires a person’s PIN number instead of a signature like point-of-sale machines require. Click here to learn more.
