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[15 Nov 2009 | No Comment | 88 views]

I have been working in the credit card industry for some years now, and one topic which is keeping fraud departments busy is skimming. Skimming is a practice, during which the card details on the magstripe (magnetic stripe on the back of the card) is being copied, and then written onto another card.  Since the magstripe data is electronic, it could travel to the other side of the world before it written onto another card. Often, the cards used as a ‘host’ for the stolen data are stolen cards which have …