A debit card fraud is a worst form of scam as compared to that of credit cards. There are many incidents that can leak the PIN information such as fixing an electronic skimming device or bug on the machines that scans the card information.
The episode of Michaels' stores has evidenced the fact where a huge number of customers had money thieveries directly from their accounts via ATM withdrawals.
 
The renowned crafts-store chain has acknowledged around 90 keypads in 80 stores, compromised in Colorado, Delaware, Georgia, Iowa, Massachusetts, Maryland, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, Utah, Virginia and Washington, and uninstalled the doubtful swipe plans. Further, the company has drafted policies to replace approximately 7,200 identical PIN keypads and advised its customers to use cash, credit cards or signature based debit cards.
 
“The company has commenced replacing these PIN pads in all US stores and expects the replacement to be completed within the next 15 days. Until the new upgraded PIN pads are installed, customers may have their credit and signature debit transactions processed on the store register”, explained the company.
 
However, the company has refused to provide exact figures that how many customers had leaked their most confidential credit and debit card information.