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‘Shimmers’ are the newest tool for stealing credit card info

Consumers and retailers be on guard: there’s a new and more devious way for fraudsters to steal your credit and debit card information. “Shimmers” are the newest form of credit card skimmers, only smaller, more powerful and practically impossible to detect.

Fits inside a card reader

They’re popping up all over the place, says the RCMP. Unlike skimmers, a shimmer — named for its slim profile — fits inside a card reader and can be installed quickly and unobtrusively by a criminal who slides it into the machine while pretending to make a purchase or withdrawal. Once installed, the microchips on the shimmer record information from chip cards, including the PIN.

Read more at CBC News.

This article is summarized by Canadian Fraud News Inc.