Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Card Skimmer

Card skimmer is a device attached to the card reader that skims and steals the card information like card number, expiration date, and CVV code. This device reads the debit/credit card information from the magnetic stripe at the back of the card and stores it in its memory module. Generally, a card skimmer is placed in ATMs, shopping malls, petrol pumps, or other Point of Sales (POS) terminals to steal the card information of shoppers. Cybercriminals use this information for unauthorized purchases or to create counterfeit cards.

Additional reading

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