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ATM skimming

Describes the consumer fraud or theft that occurs when using an ATM that has been tampered with. Devices attached to the ATM (more commonly occurring at stand-alone ATMs) are used to collect credit or debit card information, PIN numbers, or the tracks of information found on the magnetic strip of the card.

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  • Part of Speech: noun
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  • Industry/Domain: Banking
  • Category: Personal banking
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