About the ATM Skimmers and its business problem:
Skimmers are card readers that grabs the data from magnetic card stripe attached to the real payment terminals so that criminals can create cloned cards to steal money from the bank account. A successful skimming requires both a card skimmers (readers) and camera (to capture PIN) in order to steal card data. Criminal can easily capture your credit/debit card information with ATM skimmers. It is a device that fits inside or top of the ATM card acceptance slot to extracts the information stored in ATM magnetic stripe and additionally, uses hidden camera to capture PIN details while typing on keypad and then gains full access of your bank account. The card details would be sent to the criminal through Bluetooth/Wireless or physically to clone the cards as a next steps. The electronics data is encoded onto fraudulent cards and PINs are used to withdraw money from the customer’s bank account.