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December 11, 2015
With the holiday season upon us, unfortunately this brings an increase for potential fraud. We want to fully keep you updated on issues that may have impacted your area. We have been alerted by our card processor of a significant increase in skimming device fraud committed at convenience store ATMs in our area (District of Columbia and Baltimore metropolitan areas) and throughout the nation. Although none these cases were committed on Police FCU owned or affiliated ATMs, we like to keep our members updated and provide tips to reduce the chances of becoming a victim. Police FCU continues to stand as your trusted financial partner and provider of world-class service.
What is ATM Skimming?
ATM Skimming involves the attachment of electronic devices on or around the ATM for the purposes of capturing both the magnetic strip data contained on the back of a debit card as well as the PIN number that is entered by the customer when using the ATM. The devices used to capture the information will vary in shapes, sizes and designs but are made to be unobtrusive or mimic legitimate devices.
ATM Safe Use Tips:
Use these helpful tips to keep your information safe and secure this holiday season and all through the New Year.
***Don't become a victim, check out the FBI Internet Fraud page for
tips on avoiding becoming a statistic, and what you can do if you are,
or suspect you may the victim of identity theft or fraud.***
*APY = Annual Percentage Yield
**APR = Annual Percentage Rate