Joseph Piacentile: What Is Skimming?

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By Bob Oliver


There's no denying the sheer degree of weight that is put into credit and debit cards alike. Such options are nothing short of vital, especially when it comes to the multiple transactions you're like to make with them. On that note, you should know about the form of fraud that is known as skimming. With the following details firmly in your mind, not only will you have a better understanding of what this process entails but how you can lower your level of risk to boot.

For those who do not know, skimming is when credit and debit card numbers alike are stolen, before being forged onto other cards for various parties to be used. The way that this is done is by use of "skimmers." A card might be swiped through a particular device, only to go move along others so that the numbers in question can be taken. To say that this creates financial problems down the road would be nothing short of an understatement.

Skimming is often associated with big retailers, but these aren't the only locations where the process in question can be seen. Joe Piacentile, as well as others, can tell you that this can occur in a number of locations where cards are accepted. Restaurants, taxi cabs, and the like can become prime sources of this form of fraud. What this means is that it's all the more important for the general public to know how they can prevent this from happening to them.

In order to prevent yourself from becoming a victim of skimming, consider having alternate forms of payment on you. Cash might be the best option, according to names like Joseph Piacentile, but it's not like you have to carry an ample amount with you at all times. Having a modest amount is enough, especially if there are emergency purchases you have to make. Also, if you require cash back, do so with the use of your bank's own ATM. Yes, it might be a little out of your way, but your financial security will remain intact as a result.

Skimming is nothing short of detrimental to your financial responsibility. You should feel comfortable making payments at different locations, which can still be the case if you exercise the proper level of care. Information is so sensitive, which goes without saying, meaning that you should be mindful of the businesses you decide to carry out transactions with. By staying vigilant - and Joseph Piacentile can say the same - you are better off.




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