Card skimming to cost Australia $100 million

Minister for home affairs claims card skimming scams increasingly on the rise

The cost of card skimming to the Australian community may rise to $100 million a year according to the minister for home affairs, Brendan O’Connor.

Commenting on the issue, O’Brien said the “international crime syndicates” behind many card skimming scams were becoming increasingly active in Australia.

“We know these groups are targeting Australia and all of us, consumers and businesses alike, need to be alert to the possibility of becoming their next victim,” O’Connor said in a statement.

The comments follow the release of new guidelines developed by the Australian Payments Clearing Association aimed at educating merchants about the risks associated with card skimming.

The guidelines, cover issues such as how to protect eftpos terminals, terminal connections, and how to detect concealed pinhole cameras.

“EFTPOS terminals should be treated as securely as cash registers,” the guidelines read.

“Criminals tamper with EFTPOS terminals so that they can gather card account information; the information they capture is used to produce counterfeit cards to obtain cash at a later time. Criminals can also get PINs from the tampered EFTPOS terminal or through other means, such as a hidden camera.”

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Tags scamscredit card skimmingEftposMinister for Home Affairs Brendan O'Connor

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