If you had any doubts, skimmers are out there and can be anywhere.That's why you need to know how to spot a skimmer before it snags your information.Samy Kamkar, the security researcher known for the My Space Worm and his combination lock cracking skills (using an online calculator), is back—and this time, he's after your credit cards!Well, not really, but his latest project, dubbed Mag Spoof, can spoof any magnetic stripe or credit card, enabling a device to wirelessly send a signal to traditional credit card readers without needing NFC or RFID, à la Samsung Pay.It doesn't help that skimmers are available for sale to anyone who wants to buy them, so they can show up anywhere.Just glancing at the news over the last few months shows that skimmers were found at dozens of local gas stations, ATMs and banks around the country.Your card HAS been uploaded AND IS awaiting verification Card Verification may take up to 24 hrs.Lastly, the fourth and final race with the expectations and requirements of the federal government.
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For security purposes, Mag Spoof does not have a publicly accessible code for bypassing chip-and-PIN protection and American Express card number protection. This protection be deactivated from the bits obtained in the magstripe, completely bypassing this enhanced security measure.
Samy has offered this information to credit card issuers, and is therefore not opening it up to the public.
Once in place, this sneaky bit of electronics steals the magnetic strip information from your card.
The thieves use this information to clone your card, and once they have a clone, they can drain your bank account, or run up huge bills and trash your credit before you even know it.