Credit Card Cloning

The Sacramento Bee published an interesting article this week about credit card cloning. Credit card cloning is a relatively new form of credit card fraud where a person can steal your credit card’s information when you swipe your card through a “skimmer”. Your card data is then stored and can be re-created on anything with a magnetic strip like a gift card or hotel key.
The Javelin Strategy and Research report, states that credit card fraud has increased 87 percent since 2010, culminating in aggregate losses of $6 billion nationwide.

Read the article’s tips on how to prevent yourself from being a victim of credit card cloning.

Here at PrivacyGuard, we agree with taking preventative steps to protect your credit and identity!

Posted by Katie