ATM Crime Increased in 2017
January 12, 2018 / Source: Bank News
January 11 — ATMIA published its Global Fraud and Security Survey Results for 2017 for its global membership of over 10,500 individuals in the ATM industry.
The percentage of respondents reporting a general increase in ATM crime increased from 42 percent in 2016 to 54 percent in the 2017 annual global fraud and security survey.
“Since there is now such a variety of methods of attack, technologies and tools available, our industry needs to start 2018 with an attitude of vigilance,” Mike Lee, CEO of ATMIA, stated. “We must unite like never before to tackle all these challenges.”
The survey looks at current trends in ATM skimming, PIN compromise, deposit-related fraud, cash trapping, dispenser jackpotting, transaction reversal fraud, card trapping, eavesdropping, card data malware, shimming chip card data, network packet “sniffing”, as well as other network compromise and remote network compromise for card data.
“By reading this study early in the new year, industry practitioners will be well prepared for what lies ahead and can plan their defences accordingly,” Lee added. “I’d like to thank international ATM security expert Douglas Russell for giving us the true crime big picture in such a professional way.”
ATMIA members are urged to consult the association’s online library of international ATM security best practices in order to reduce risks of actual attack in the new year, as well as to book their places now at the world’s longest-running ATM security event to take place this June in London. ATM Customer Experience and Security Summit (ACESS) is the association’s 18th consecutive annual event covering comprehensive lifecycle security aspects of ATMs, cash, cards and payments, from preventing physical and logical attacks, data compromises and card skimming to working with law enforcement to combat crime epidemics in a range of countries. It is where the industry will unite behind ATM security in 2018.