Nowadays business credit cards skimming is a worldwide concern accounting for losses of over a billion dollars per year. Such credit card scams are ordinary in Europe, Asia and Latin America and it’s starting to show up in the US as well.

This scam is simple to run – it can happen when you offer your credit card to a store representative when you make a purchase. That person may not only swipe your missed credit card payments, but swipe the card with a small machine they hold in their hand known as a skimmer as well.

This minute device will store the info from your credit card into its system. The skimmer is a device that is used to steal information from credit cards.

All over the world skimming rings are working and once your credit card information is stored into the skimmer, after downloading into a computer it’s ready to be emailed to anyone worldwide.

Few years ago, this deception was not as easy to achieve as today since skimmers were large sized and had to be kept under counters to hide. However, with the advance of technology in the last decade, they have been able to modernize the skimmer, making it small enough to be hand-held and out of sight of the unwary customer making a purchase.

These skimmers are not tough to buy; in fact, they are available online at around $300. The machine used to make counterfeit credit cards costs much—in the range of $5,000 to $10,000.