What is card cloning scams? Know the details
Card Cloning Scam: Debit and credit card cloning frauds are on the rise these days. Fraudsters steal real card details to create counterfeit cards and siphon off funds from accounts. They copy magnetic strip or chip data from skimmer devices to commit fraud at ATMs, POS machines, or online sites. Losses totaling millions of rupees are being reported, so it’s important to remain vigilant.
Criminals install skimming devices at ATMs or petrol pumps, which steal data as soon as the card is swiped. Small cameras record PINs, then transfer the data to a blank card to create a clone. In restaurants, waiters use mobile skimmers or steal details online from phishing sites. Transactions over public Wi-Fi are the most risky.
Unexpected transactions, small purchases, or foreign transactions are potential cloning alerts. Older cards with magnetic strips are more vulnerable, while chip-based EMV cards are more secure. Fraud can also be spread through data breaches or malware by cybercriminals.
Simple security measures: Shake the card slot on the ATM; if it feels loose, don’t use it. Always use the chip side. Choose virtual cards or tokenization for online shopping; never share your PIN. Keep transaction alerts on your bank app and block immediately if you notice suspicious activity. Check your credit score regularly and use two-step authentication.
Banks have implemented a zero-liability policy, where complaints are not refunded within three days. 90% of fraud can be prevented through awareness. Be alert, stay safe.
