Respondents reporting a general increase in ATM crime fell from 51% in 2015 to 42% this year but security remains difficult for credit unions and banks, according to ATM Industry Association.
“This is good news,” Mike Lee, CEO of ATMIA, based in Sioux Falls, S.D., and London, said. “However, the wide range of types of attack, as well as the technologies and tools used by fraudsters, remains a daunting challenge, which calls upon us to stay vigilant and cooperate with law enforcement in stamping out crimes targeting ATMs.”
The study, conducted by ATM security expert, Douglas Russell, provides an overview of ATM crime facing the industry as well as detailed information needed to take practical steps to deal with the many specific threats covered in the survey.
ATM crime covered in the report includes 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.
The association is calling on the industry to make a concerted effort in 2017 to implement international ATM security best practices, to stand together in tackling fraud threats and to reach out to local law enforcement agencies.
“ATMIA urges all members and stakeholders in the industry to read the 2016 fraud survey and then to consult our online library of international ATM security best practices, free for all ATMIA members, in order to reduce risks of attacks in the new year,” Lee said. The ATMIA, established in 1997, is a non-profit global trade association with over 8,000 members in 66 countries.
In other ATM news, a workshop, Implementing EMV at the ATM, for independent ATM providers, credit unions, banks, and merchant deployers, will take place at the ATMIA U.S. Conference on February 14 in Orlando to provide important planning information and implementation best practices.
“With some ATM fraud liability shifts now in effect and more slated for 2017, there are many considerations that independent ATM owners, banks, credit unions, and merchant deployers need to be aware of as they migrate to chip technology, and many have questions about how to become chip-compliant,” Randy Vanderhoof, director of the U.S. Payments Forum, said. “This workshop will cover essential requirements and recommendations to help ATM executives attending the ATMIA event to effectively and efficiently implement chip technology.”
This workshop is based on the recent U.S. Payments Forum white paper, Implementing EMV at the ATM: Requirements and Recommendations for the U.S. ATM Community.
