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Question
______ is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction.
Options
Smishing
Vishing
Phishing
Skimming
MCQ
Fill in the Blanks
Solution
Skimming is a type of fraud where a small electronic device is used to steal debit/credit card information during an authorized banking transaction.
Explanation:
Skimming, commonly referred to as "cloning," is the practice of copying credit card or debit card data using software or another electronic device in order to gain unauthorized access to your account.
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Economic Current Affair (Entrance Exam)
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