June 24, 2012

Financial Crimes: Credit card 'cloning' is a growing form of identity theft

With an easy-to-use card skimmer, criminals can clone victim's credit cards anywhere they are used in Kentucky. The information then can be emailed or downloaded over the Internet and rewritten onto any card with a magnetic strip, such as gift cards or hotel keys. While the victim's credit card is still in his or her possession, someone could be using a perfect replica hundreds of miles away.

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