Panic as some RBC customers' funds 'disappear'

Widespread panic was reported today as several Royal Bank of Canada (RBC) customers said their bank cards had been skimmed and thousands of dollars from their accounts had reportedly gone missing.

Skimming refers to the use of fraudulent methods to obtain customer details by “skimming’ their debit and credit cards at point of use, whether ATM or point of sale.  

Most commonly the modus operandi involves introducing a mechanism that ‘skims’ – retrieves and records data, off customer cards.