skimming

Scotia: Proactive action resulted in discovery of skimming equipment

Scotiabank is maintaining that the safety and security of customers' accounts remains a priority, in light of a video showing police removing skimming equipment from its Freeport branch.

The bank issued a statement on the topic on Friday.

"The safety and security of our customer accounts and information is a top priority at Scotiabank, and is a responsibility we take very seriously," Scotiabank said.

Tunapuna store clerks charged with skimming over $100,000

Two sales clerks have been jointly charged with conspiracy to defraud Republic Bank Limited of sums totaling $113,516.35, between November and December 2018.

Troy Mohammed, 26, of St. Augustine and Tiffany Batson-Joseph, 29, of San Juan, were arrested and charged with the offense, following an investigation into a report of alleged card skimming at a clothing store, located along the Eastern Main Road, Tunapuna.

Fraudsters take over $27 million by card skimming in 2 years

Minister of National Security Stuart Young has told the Senate that over $27 million have been stolen from bank customers via skimming.

The minister was responding to a question posed to him on the Senate Order Paper.

He told the meeting that the Police Service received 3,044 reports of card-skimming over the period January 01, 2017 to November 15, 2018, amounting to $27,482,292.22 being skimmed illegally.

The minister said he did not have information on how much has been recovered.

Skimmers hit Scotia customers

Skim­mers have re­port­ed­ly suc­cess­ful­ly stolen close to $.2 mil­lion from bank ac­counts be­long­ing to Sco­tia­bank cus­tomers.

In the lat­est scam, which po­lice said oc­curred on Fri­day be­tween 8 pm and 11 pm, mon­ey was with­drawn from bank ac­counts through card skim­ming.

Vic­tims from Fri­day had as much as $5,000 with­drawn from their ac­counts.

Yes­ter­day, two of the vic­tims con­tact­ed the T&T Guardian and said they had lodged of­fi­cial re­ports at the T&T Po­lice Ser­vice’s Fraud Squad and Sco­tia­bank’s Port-of-Spain head of­fice.

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.