meaning of ATM skimming

ATM skimming meaning in Law Dictionary

When ATMs tend to be frauded utilizing a card reader that looks like part of the machine but isnt. It saves the card numbers and pins which will make counterfit copies.

ATM skimming meaning in Business Dictionary

a form of fraud which takes place when an ATM is compromised by a skimming product, a card audience that can easily be disguised to appear like part of the device. The card audience saves the people' card quantity and pin rule, which will be then replicated into a counterfeit backup for theft.