A 19-year-old man in Fort Worth, Texas, is facing fraud charges for allegedly stealing over $600 by tapping customer’s cards on a personal device while working at McDonald’s. Police advise regular monitoring of bank accounts to catch fraud early (1).

Payment card fraud losses in the U.S. are projected to reach $165 billion over the next decade, with Americans accounting for 37% of worldwide card fraud losses in 2021. The FTC reports a rise in fraud cases, emphasizing the importance of regular bank statement review (2) (3).

Card skimming, a common form of fraud, involves attaching illegal devices to payment terminals or ATMs to collect payment data. The FBI recommends closely inspecting terminals for any signs of tampering, especially at gas pumps and ATMs (4).

To protect against fraud, consider using a credit card with a low limit, changing PIN numbers regularly, and setting up transaction notifications from your bank. Regularly checking credit reports for suspicious activity and reporting any concerns promptly are also recommended (5).

Small fraudulent charges can easily slip by unnoticed and lead to bigger issues later. Regular monitoring of bank accounts and quick action upon noticing suspicious activity can prevent significant financial losses. Stay vigilant to protect your finances from potential fraud (6).

Read more at Yahoo Finance: McDonald’s employee arrested for allegedly stealing customer’s card info. How to stop scammers and protect your balance