Localized skimming attacks, whether waged against ATMs or self-service gas pumps, continue to wreak havoc on banks and credit unions. “It’s death by a thousand cuts,” one executive with a leading card issuer on the West Coast tells me.

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As 2016 drew to a close, we got yet another reminder of the problem when federal prosecutors announced that a Romanian man pleaded guilty to using counterfeit cards to steal $127,000 from several New York banks in 2015, according to The Associated Press.

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