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If you think cloning is just about creating identical sheep, you better grab hold of your wallet. Cloning, also known as skimming, is a burgeoning and highly effective form of credit card fraud.
Skimming is costing credit card users stateside and worldwide millions in phony charges, as stolen clones are sold and used in the United States and elsewhere around the globe.The practice took off in the United States several years ago and is beginning to approach the scale of fraud that plagued credit cards in the early 1990s before new precautions were taken, according to Gregg James, a special agent with the Secret Service's Financial Crimes Division in Washington.
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