ATM Skimming in 2025: How to Protect Your Finances and Identity

At The Lansky Law Firm, we believe protecting your legacy starts long before a will or trust is signed — it begins with safeguarding your assets today. While we often focus on preserving wealth through estate planning and asset protection, one area too often overlooked is everyday financial security.

In 2025, ATM and card skimming remain real threats — even as banking technology becomes more advanced. Staying alert and informed is essential to protect both your finances and your peace of mind.

What Is ATM Skimming — and How It’s Evolved

ATM skimming is a form of financial fraud where criminals install hidden devices on ATMs, gas pumps, or payment terminals to steal your card information. When you insert or swipe your card, these “skimmers” record your data, while small cameras or “shimmer” devices capture your PIN or intercept chip transactions.

Unfortunately, these tactics have grown increasingly sophisticated:

• Internal skimmers are now placed deep inside card slots, making them nearly impossible to detect.

• “Shimmers” can exploit EMV chip technology, allowing criminals to intercept chip data.

• “Jackpotting” attacks use malware or physical access to force ATMs to dispense cash.

Even with more secure card technology, these schemes continue — especially at non-bank ATMs in convenience stores, gas stations, and retail locations.

Why It Matters in 2025

According to the American Bankers Association, ATM-related crimes continue to rise in 2025. In 2024 alone, U.S. consumers lost nearly $8.7 billion to fraud across all payment types.

Fraudsters are also evolving. The financial analytics firm FICO reports that criminals are now combining physical skimming with AI-driven social engineering or account takeover methods — blending digital and physical fraud in new ways.

While EMV chips are safer than magnetic stripes, they are not foolproof. Shimming and hybrid attacks still pose risks. Staying vigilant remains one of the most effective defenses.

Your Rights and Responsibilities

While The Lansky Law Firm focuses on long-term financial protection and estate planning, understanding your consumer rights is a key part of protecting your financial well-being.

Here’s what you should know:

• The U.S. Secret Service investigates skimming and “access device” fraud.

• Your liability for unauthorized transactions depends on how quickly you report them and your bank’s specific policies.

• Many banks offer zero-liability protections, but they typically require prompt reporting and cooperation.

• Under FDIC rules effective May 2025, all new deposit-taking ATMs must display updated digital FDIC signage to improve transparency and consumer awareness.

Because recovery policies differ by bank, review your financial institution’s disclosures and stay familiar with Tennessee’s consumer protection laws.

How to Protect Yourself in 2025

You can’t eliminate all risk, but these small steps can dramatically reduce your exposure:

1. Use Bank-Owned ATMs

Most skimming occurs at third-party or retail ATMs. Bank machines are monitored and serviced more frequently, reducing your risk.

2. Inspect Before You Insert

Before using an ATM:

• Wiggle the card reader — if it feels loose or bulky, avoid it.

• Look for mismatched colors or attachments near the keypad or slot.

• Check for small cameras or unusual devices aimed at the keypad.

3. Shield Your PIN

Always cover the keypad with your hand or body as you enter your PIN. This simple step blocks most camera-based skimming attempts.

4. Use Contactless or Cardless Options

Many ATMs now support mobile withdrawals via QR codes or smartphone apps, eliminating the need to insert your card.

5. Set Up Transaction Alerts

Enable real-time notifications from your bank for ATM withdrawals and debit transactions. Quick detection can mean faster resolution and reimbursement.

6. Report Suspicious Activity Immediately

If you suspect fraud, contact your bank right away and file a report with the FTC’s Consumer Sentinel Network or the Tennessee Attorney General’s Office.

7. Keep Cards Up to Date

If your debit or credit card doesn’t include chip or contactless technology, ask your bank for a replacement to ensure stronger protection.

8. Stay Informed

Fraud tactics evolve constantly. Keep up with the latest security alerts from your bank and reputable consumer protection organizations.

Security Is Part of Estate Planning

At The Lansky Law Firm, we view financial awareness as the first step in protecting your legacy. Just as you create wills, trusts, and powers of attorney to safeguard your future, you must also guard the assets that fund those plans today.

By pairing everyday vigilance with strategic legal planning, you can protect your finances now — and preserve your wealth for generations to come.

Your legacy isn’t just about what you leave behind — it’s about how well you protect it every day.

Peace of Mind through Preparation.

Visit Us: 6800 Poplar Ave #225, Memphis, TN 38138

Call Us: (901) 767-7006

Learn More: www.lanskylawfirm.com