Advice to bank customers regarding recent skimming incidents

The Australian Bankers’ Association (ABA) is assuring customers they are not liable for unauthorised transactions on their accounts when they become victims of skimming crimes.

Skimming is the unauthorised copying of information stored on the magnetic strip of debit and credit cards. This information is often used by criminals to withdraw cash from ATMs, or create a counterfeit card, which is then used for fraudulent transactions in retail outlets or on the Internet or at ATMs.

Read more in a media release from the Australian Bankers’ Association