Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Authorities have seized a batch of remarkably sophisticated credit card skimmers that fraudsters installed in Walmart stores in central New York and Maine. The skimming devices are designed to fit over the real payment terminal in order to capture customers' financial data during a transaction. One of the card skimming devices seized by law enforcement. The FBI estimates credit card skimming fraud costs consumers and financial institutions more than $1 billion per year, and recommends shoppers take precautions to avoid falling victim to the scam.

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