Report Overview:
Payment card skimming is a form of financial fraud where criminals illicitly obtain sensitive information from the magnetic stripe of credit, debit, or other payment cards. Perpetrators use discreet devices, known as skimmers, which are often inconspicuously attached to legitimate card readers like ATMs or gas pumps. These skimming devices covertly record the data embedded in the card's magnetic stripe, including the card number, expiration date, and sometimes the cardholder's name.
Once collected, this stolen information is exploited to create counterfeit cards or conduct unauthorized transactions, leading to financial losses for the cardholder.
This report provides a deep insight into the global Payment Card Skimming market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
Market Value:
The global Payment Card Skimming market size was estimated at USD 2965 million in 2023 and is projected to reach USD 6934.32 million by 2032, exhibiting a CAGR of 9.90% during the forecast period.
CAGR of 9.90% (2025 – 2030)
