What is Skimming?

Skimming involves the theft of account information through the MemberCard or credit card’s magnetic stripe. If your card is swiped at a fraudulent ATM or terminal, your account information can be captured and copied to a fraudulent debit card. Your PIN may also be recorded by an individual watching or through a hidden camera. Once this occurs, the fraudster will generally wait up to 12 months before utilizing the data they have illegally obtained. Transactions are typically made at ATMs outside of the province or outside of the country. In Canada, we have taken necessary precautions to try to prevent this type of crime by introducing chip technology. This technology requires you to insert your chip rather than swiping your card, which has prevented numerous incidents of fraud.