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Skimming: What It Is, How Identity Thieves Use It

Financial Concepts

Definition

Skimming is a method used by identity thieves to capture payment and personal information from a credit card holder. Several approaches can be used by fraudsters to procure card information, with the most advanced approach involving a small device called a skimmer that reads the information stored in a card's magnetic strip or microchip. Key Takeaways Skimming is an illegal practice used by identi

In Panel Profits

In the Panel Profits market platform, Skimming: What It Is, How Identity Thieves Use It applies standard financial concepts principles to comic assets and physical collections.

Common mistakes

Do not infer unobserved prices.