Cloned credit and debit card

Cloned credit and debit card

Card cloning is a type of fraud in which information on a card used for a transaction is covertly and illegally duplicated. Basically, it’s a process thieves use to copy the information on a transaction card without stealing the physical card itself.

𝘾𝙇𝙊𝙉𝙀𝘿 𝘾𝘼𝙍𝘿 𝙍𝘼𝙏𝙀𝙎

𝗟𝗢𝗪 𝗕𝗔𝗟𝗔𝗡𝗖𝗘
$200$ for balance $1k
$250 for balance $2k
$300 for balance $3k
$350 for balance $4K
$450 for balance $5k
$550 for balance $6k
$700 for balance $8k
800$ to 1000$ for balance 9k$ to 15k$

𝗛𝗜𝗚𝗛 𝗕𝗔𝗟𝗔𝗡𝗖𝗘
$1k for balance $15k
$2k for balance $30k
$3.5k for balance $50k
$5k for balance $70k

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Can a cloned card be used at an ATM

Point of sale devices and ATMs are not able to discern the difference between a cloned card and the original as the information on the magnetic stripe is identical. If the thief has managed to obtain the customer’s PIN he is then further able to make withdrawals from the account using an ATM.