December 7, 2012

ATMIA releases Second Global 2012 ATM Fraud Survey

Toronto--The ATM Industry Association (ATMIA), the only global non-profit association for the ATM industry, announced today the release of its second ATM fraud survey conducted among its members.

“225 respondents completed the 2nd survey, more than double the number for the first one,” stated Mike Lee, CEO of ATMIA, “and there were some telling results.”

Skimming remains as the biggest global threat to ATM security identified by the survey, followed by rising threat of cash and card trapping which is primarily a European problem which has not migrated to North America as yet. Gas & explosive attacks were seen by the respondents as the third biggest threat, followed by ATM burglary and then cyber attacks.

About 54% of respondents have invested more in ATM security technology and security solutions since the first survey in the 2Q of 2012, which closely mirrors the 53% who saw increases in attacks in the same period. Of those, about 17% increased their investment significantly.

ATMIA will release best practices for preventing cash trapping within weeks.

“The security of ATMs is undoubtedly world-class – but we need to stay vigilant to ward off new and emerging threats,” Lee concluded. “One of those we will look at in the 1Q of 2013 is mobile apps fraud.”

The ATM Industry Association is a global non-profit trade association with over 3,700 members in 60 countries. Its mission is to promote ATM convenience, growth and usage worldwide, protect the ATM industry's assets, interests, good name and public trust; and provide education, best practices, political voice and networking opportunities for member organizations. In June 2003, ATMIA established the Global ATM Security Alliance (GASA) (www.globalasa.com) with the mission to employ global security resources in a united alliance in order to protect the ATM industry from criminal activity.

 

 

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