Grand Travel Worldwide Discusses Credit Card Scam Prevention Tips for Traveling in 2014

LOS ANGELES - April 28, 2014 - PRLog -- The Grand Travel Worldwide scam prevention team warns that as technological conveniences like ATMs and digital payment options continue to make transactions easier to process, scam artists are taking advantage of these easy-to-use technologies and exploiting those who use them. In order to keep travelers aware of these latest threats, Grand Travel Worldwide is working hard to alert travelers as to what they should be looking for to identify something like a credit card skimmer.

According to the Grand Travel Worldwide scam prevention team, a credit card skimmer is a device created by scam artists that is placed atop legitimate credit card scanners in order to collect the credit card's unique data off of the magnetic strip. Once an individual utilizes an affected ATM and the transaction is complete, there is little they can do to reverse the process of having their information stolen. Once the skimmer has been in a location for a few days, the thief will return and download the information from the device, and potentially sell the ripped off information to people all around the world.

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The Grand Travel Worldwide scam prevention team points out that millions of dollars are stolen every year through methods like credit card fraud. The technologies that the scam artists use are increasingly effective. Over the last few years, hackers have devised credit card skimmers that can rip the information from a credit card and instantly send it to the hacker's smart phone. This allows the hacker to receive the sensitive information without needing to revisit the target location frequently. Because the sent information is encrypted, even if a credit card skimmer is detected, it may prove too difficult for authorities to determine where the information is being sent in order to discover the hacker.

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The information released by the Grand Travel Worldwide scam prevention team should serve to educate travelers to avoiding utilizing ATMs that are not within secure facilities like banks or stores. By using machines that are in clear view of security cameras or are in well-populated areas, they are reducing the chances of using a machine that has been taken over by a cyber criminal.

For more information about Grand Travel Worldwide, visit http://grandtravelworldwide.com/ or call 888-954-7833 today.