The prevalence of contactless technology has made stealing a breeze. Through a method called card skimming, crooks can rake in more than $4,000 a day with a device which costs less than $30 on eBay.
Skimming is so common in the U.S. that one card information gets stolen every minute. 46% of Americans fall victim to electronic pick pocketing each year losing an average of $4,973 each time it happens.
With just a scan, all your card information will immediately be in the hands of criminals. Your card doesn’t even need to leave your wallet for them to steal from you.
Thieves can create a cloned credit or debit card with your stolen data and fraudulent charges can be made through this duplicated card.
By the time you find out your card has been used, it’ll be too late. You’ll be in massive debt and the financial damages can take months or even years to clear.