# Card Skimming: Consequences, Strategies and Preventative Measures

By Engineering And Construction · Published 2023-10-06 · Updated 2026-07-23 · Engineering & Construction on MarketScale
Canonical: https://www.marketscale.com/industries/engineering-and-construction/card-skimming-consequences-strategies-and-preventative-measures
Creator hub: Parabit Systems

> Banks face a tenfold surge in card compromise incidents, with ATMs emerging as the primary target for modern criminals

## Key points

- Card skimming incidents have surged tenfold, particularly targeting ATMs.
- Digital era introduces new cybersecurity threats as technology advances.
- Experts advocate mitigation strategies to protect banks and their customers.

Despite its many conveniences, the digital era has its dark side: cybersecurity threats. As technology evolves, so do the ways in which criminals exploit it. [Card skimming](https://www.parabit.com/post/card-skimming-going-from-bad-to-worse) in particular has seen a concerning uptick recently. According to [FICO](https://www.fico.com/blogs/us-card-skimming-grew-nearly-5x-2022-new-fico-data-shows) data, the number of compromised cards increased by 10Xs in 2023 than in 2022. The target? Banks. A surprising percentage of compromised locations are now [bank ATMs](https://www.americanbanker.com/news/more-scammers-are-targeting-bank-owned-atms-fico).

> The number of compromised cards increased by 10Xs in 2023 than in 2022.

So, what's driving this upward trend in card skimming? And how can institutions better protect their customers and reputation?

For the latest episode of [Parabit](https://marketscale.com/shows/parabit/), host **Daniel Litwin** was joined by [Rob Leiponis](https://www.linkedin.com/in/rob-leiponis-520440167#:~:text=CEO%2DPresident%20and%20founder%20of,and%20security%20products%20and%20solutions.), CEO of [Parabit Systems](https://www.parabit.com/), and [Heather Glezen](https://www.linkedin.com/in/heatherglezen) from the company's Business Development Manager. The trio sat down to discuss the current landscape of card skimming and potential mitigations.

Several key areas they tackled and discussed included:

- The increase in prevalence of card skimming at bank ATMs, an alarming growth of 109 percent.
- The reasons behind this surge and the challenges faced by ATM manufacturers.
- How evolving payment methods, like contactless and tap pay, intersect with card skimming.

### About the Speakers

**Rob Leiponis** is the CEO of **Parabit Systems** and a leader in innovative security and self-service hardware and software solutions. He's been in the security industry for nearly three decades and is instrumental in driving Parabit's vision.

**Heather Glezen** is the Business Development Manager of **Parabit Systems**, and has been with the company for seven years. She has a wealth of in-depth industry knowledge.

Tags: A Bit About, ATM, Banks, card skimming, cybersecurity, engineering and construction, FICO, Heather Glezen, Parabit, Parabit Systems

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