The use of plastic money is on a rise these days. The current generation finds it much more comfortable to carry financial transactions using credit or debit cards. Although cashless transactions sound hassle free, their increased usage has also raised the frequency of credit card frauds.
One form of credit card fraud is card cloning or skimming. The fraudster here copies the details of the card of an individual into expired, blank or stolen cards and thus makes a clone of the original card. The cloned card is then used by fraudsters.
The cloning device is easily available and can be purchased by fraudsters by shelling out a mere 30,000 to 50,000 rupees. The device contains a scanner and a software which scans the card and stores its details. The device can store information of as many as 3000 cards.
The fraudsters get details such as card number, name on card and expiry date of the card using the cloning device.