Wednesday/ debit cards are trouble

One would have thought by now that banks have figured out how to put a stop to fraudsters rigging the bank’s ATM machine – but apparently that’s not the case.  Check out this example of a debit-card hack (from the Wall Street Journal).   And as the diagram below show, a compromised debit card can wreak havoc and clean out much more than just one’s entire savings account (check out the table below).   Bankrate.com advises not to use debit cards at dicey ATMs, at gas stations, on the web for purchases, or at restaurants where the waiter disappears with the card and then brings the check to the table.   All of this is a little bit unsettling.

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