A recent survey by CompareCards has revealed that 15% of cardholders were affected by card skimming at gas stations in the US.
During the survey of 1,000 cardholders, 43% of respondents admitted to have changed their preferred payment method while filling gas because of the threat of skimming.
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Card skimming involves fraud of stealing data via bogus card readers attached to payment terminals. These fake readers take data from a credit or debit card magnetic stripe without customer’s knowledge.
CompareCards credit card analyst Matt Schulz said: “One huge driver of this [phenomenon] is the fact that gas station pumps don’t need to be converted to accept EMV cards until October 2020. That makes those pumps low-hanging fruit for fraudsters.”
The survey found millennials to be the top target of card skimming, where 21% said to have been skimmed at gas pumps.
Furthermore, 15% of Gen Xers and 8% of boomers revealed being victims of credit or debit card fraud at gas stations.
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By GlobalDataAlso, millennials were found to be the most likely to have changed their gas-paying habits. Compared to men (43%), women were slightly more likely to have changed (48%) their choice of payment.
Due to risk of card skimming, 20% of the respondents said they have changed their habit and now prefer paying inside the gas stations.
