The U.S. Secret Service says the use of skimming devices, which capture account details and personal identification numbers from bank and government benefits cards, is on the rise. Secret Service analyst Vince Porter told CBS News that officials believe a single skimmer can net up to $1 million in stolen funds. In 2025 alone, the Secret Service removed more than 400 illegal skimming devices, which the agency said accounts for just a fraction of the devices out there. Skimming costs financial institutions and consumers more than $1 billion each year, according to Secret Service estimates. They seized 16 skimmers, preventing an estimated $16.6 million in fraud loss, according to the Secret Service.