Credit card fraud just got a whole lot smaller.
Police in Coquitlam are warning about a new device for committing financial fraud.
It’s called “Shimmer,” and it’s about the size of a credit card, and can fit into a transaction machine.
When someone uses their card, the device can illegally capture its data.
Coquitlam RCMP Corporal Michael McLaughlin says this type of fraud is a growing problem.
“We can say that we’ve been working with other jurisdictions, other police agencies and we’re getting reports of shimmers popping up all over the place they really seem to be taking over the old role of Skimmers.”
“Skimmers” are a bulkier system and police now consider it to be virtually obsolete.
But McLaughlin says consumers can take simple steps to avoid being a victim of this type of fraud.
“The first is start using the tap function, those proximity tap functions are encrypted and it’s very hard to capture the data. Shimmers really are no good at all when you use your prox tap on a credit or debit card.”
McLaughlin also recommends businesses check their transaction machines on a daily basis for anything suspicious.
Story by Caleb Harder