Card skimming is still a thing, but it doesn't have to be
By Tony Zerucha and Fintech Nexus Staff, Fintech Nexus, Sep. 15, 2023
Card skimming is still a problem in the United States because the victims refuse to take medicines that have long proven safe and effective. Do that, and the pain goes away.But too many fail to heed common sense. According to FICO, in 2023, the number of cards impacted jumped 77% YoY from 70,000 cards in 2022 to close to 120,000 in the first half of 2023. The FBI estimated card skimming costs financial institutions and consumers more than $1 billion each year.
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