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Skimming

I have been in Las Vegas for about a week. Last night, I withdrew some cash from an ATM in the casino located in the New York, New York resort. A few minutes later, someone also withdrew $3,000 from my account, using the same machine.

As soon as I noticed the theft (this morning), I called my bank and disputed the charge. It won’t cost me anything, but my card has been cancelled and they are sending me a new one. I will get it in 7-10 days. I contacted casino security, and they are investigating. It is their problem now, because my bank isn’t going to honor the withdrawal, so the owner of the ATM- the New York, New York casino – is going to be left holding the bag,

This is why I always carry spare credit cards. This is also why I don’t use debit cards. If it had been a debit card, the damage could have been much worse.

2 replies on “Skimming”

HI, how do you think they managed to do this and why just $3K.? was there a camera watching keystrokes, some other physical trick (a carbon paper slip, an 'impression' paper card inside the machine, what do you think it was to allow that theft? I have heard there are 'boxes' that capture info.

do you know?

How would your debit card be worse? thanks.. love your blog!

stand up comic Orly Adams says your online password systems generate 13 numbers, intense security to protect your online dating site… but ENTIRE access to ALL your money is 4 digits…just 4.

I'm not sure how they did it. They do have skimmers that slide into the ATM slot and transmit data via bluetooth.

Debit cards can be worse, because as long as you report a fraudulent transaction on a credit card within 48 hours, you are not liable for the money. Not always so with a debit card.

That's because debit and credit cards are treated differently by consumer protection laws. Under federal law, your personal liability for fraudulent charges on a credit card can't exceed $50 if you report it within a certain period of time, and $0 if reported within 48 hours. But if a fraudster uses your debit card, you could be liable for $500 or more, depending on how quickly you report it.

"I know people love their debit cards. But man oh man, they are loaded with holes when it comes to fraud," said John Ulzheimer, credit expert at CreditSesame.com, a credit management website.

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