New Card Skimmer Pose Consumer Threat

A new kind of point-of-sale (POS) card skimmer may be ripping off customers, a December 4 report from TechCrunch revealed

The device, which can be affixed to a Verifone POS reader, is easily attached and detached, and reads the keys entered by users. Consumers who swipe their cards run the risk of having their credit card information stolen, as the device can recognize and save key-presses.

The media outlet indicates that the device is “virtually indistinguishable” from the unaltered POS reader, posing an additional problem for merchants.

To learn more about how the payments space is seeking new ways to approach POS security, read PYMNTS.com’s latest report on biometrics and its use cases.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

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