Card skimming recently seen in news refers to which of the following ........

Economic Affairs Types of Banks and Banking

Card skimming, recently seen in news, refers to which of the following:

Cashless transactions

Launching of domestic cards in foreign countries

Stealing of magnetic stripe data from the cards being used in an ATM

Preventive technique of data stealing

Recently, India's central bank announced cardless cash withdrawals at ATMs in the country.

Skimming is a procedure in which criminals clone ATM cards with stolen data.
Skimmer is a device designed to look like and replace the card insertion slot at an ATM.
The skimmers, which cannot be usually spotted by an untrained eye, have circuitry that read and store the data on the magnetic strip of an ATM card even as the ATM processes the same data.

Hence option 3rd is correct.