skimming


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Related to skimming: Price skimming

skimming

[′skim·iŋ]
(hydrology)
Diversion of water from a stream or conduit by shallow overflow in order to avoid diverting sand, silt, or other debris carried as bottom load.
Withdrawal of fresh groundwater from a thin body or lens floating on salt water by means of shallow wells or infiltration galleries.

skimming

Copying account numbers and passwords during legitimate transactions; for example, looking over the shoulder of someone withdrawing from an ATM machine or while authorizing a credit card in a restaurant in a back room.
References in periodicals archive ?
Among the latest tools use by felons to carry out fraud are skimming devices.
ActivEdge approaches skimming from a different angle, literally, by requiring users to insert cards into the reader via the long edge, instead of the traditional short edge.
The CBB wishes to warn banks to remain vigilant to such attempts of skimming at ATMs and ensure that adequate security and other pre-emptive measures are taken to ensure the safety of ATM debit/credit card users and prevent any incidents of skimming.
In 2010, cashpoint crime - including card skimming - cost a total of pounds 33.
Kostov was charged with conspiracy to commit access device fraud and aggravated identity theft, in connection with a scheme to use small cameras and ATM skimming devices to obtain debit and credit card account numbers and personal identification numbers.
She said: "In February and March more up-to-date skimming devices were rolled out, but they were stopped completely in May and June.
The South African Banking Risk Information Centre (Sabric), reports that 189 hand-held skimming machines and 36 ATM-mounted skimming devices were retrieved throughout the country in 2010.
The trend of the majority of losses due to skimming occurring outside of EMV liability shift areas continues.
Many of our clients operate ATM networks in particularly hard-hit regions," said Karen Postma, TMG's senior cards risk manager, referring to rise in skimming attacks along the East and West Coasts.
The state also ordered 23 new skimming vessels from local yacht builder, Trinity Yachts, that will be paid for by BP.
The skimming devices clone the details of credit or debit cards so that counterfeit cards can be made, while a camera also records the card's Pin as the holder types it in.
Part of the skimming device reads information from magnetic strips in cash cards.