ATM Fraud Issues and ATM Security Issues By Geography

ss=MsoNormal>ATM fraud issues in the most partdescribe attacks against card processors and other
involve credit card fraud and debit card fraud. Thecomponents of the transaction processing network.
ATM machine may be the ‘common purchaseThe US have experienced a number of high profile
point’ (CPP) where analysis shows that a‘ATM hack’ attacks against well known
significant number of credit cards or debit cards werecredit card and debit card processors. Some of the
used genuinely in one specific location prior to detectionsystems security breaches have included compromise
of subsequent fraudulent transactions. Even when notof the PIN in addition to the card data, with subsequent
the CPP, automated teller machines may be thefraudulent spend using cloned credit cards and cloned
mechanism used to convert compromised credit cardsdebit cards at ATMs.
and debit cards into hard cash, so long as the creditAnother ATM fraud issue is ATM card theft which
card fraud or debit card fraud included compromise ofincludes credit card trapping and debit card trapping at
the personal identification number (PIN).ATMs. Originating in South America this type of ATM
ATM skimming is now common in most parts of thefraud has spread globally. Although somewhat
world that have a mature network of ATMs,replaced in terms of volume by ATM skimming
self-service terminals and point of sale (POS) terminalsincidents, a re-emergence of card trapping has been
that accept magnetic stripe based credit cards andnoticed in regions such as Europe where EMV Chip
debit cards. Most bank ATM security issues and ATMand PIN cards have increased in circulation.
fraud issues involving ATM skimming are the result ofATM funds transfer fraud is prevalent in Asia. This
criminals attaching an ATM skimmer to the ATM cardATM scam involves criminals tricking victims into using
reader slot. Europe has historically been one of thethe automated teller machine to transfer money into
most targeted geographies for ATM skimming attacks,the criminals account.
although the world-wide spread of such ATMATM security attacks involving physical attacks
skimming fraud has been, and continues to beagainst the ATM security enclosure are widely spread.
significant.ATM explosive attacks although originating and not
ATM deposit fraud which includes both cash deposituncommon in Europe are more prevalent in Australia
fraud and cheque fraud (check fraud) at automatedand South Africa.
teller machines is one type of ATM fraud that isATM ram raid incidents also occur globally but are
particularly common in the US where many banksmost prevalent in the US, perhaps partly due to the
have a culture of crediting and allowing drawingslarge number of ATMs deployed in soft-target
against the deposit prior to manual reconciliation andlocations such as convenience stores.ATM security
verification.incidents involving a high degree of precision to gain
ATM hacking should really only be used to describeaccess to the ATM security enclosure occur globally.
attacks against the internals of the ATMs software orThe UK and Canada have experienced many such
the ATMs systems security but is commonly used toprecision ATM security attacks in recent years.