Monday, July 23, 2018
ATM crimes are on the rise in the United States, especially since many ATM deployers have yet to upgrade their terminals to EMV and debit cards issued by American financial institutions still include a mag stripe, which is easy to duplicate. Common threats include smash-and-grab raids to high-tech attacks, such as card shimming and card skimming. US ATM deployers are also beginning to see more ATM Jackpotting and explosive attacks.
According to a new whitepaper, Improving ATM Security, familiarity with your ATM terminals is one of the best ways to secure cash and sensitive information as knowledgeable technicians have a better chance of spotting tampering and malicious hardware on a unit.
Placement of ATM terminals can also have an impact on security. Soliciting a criminal activity report from local law enforcement prior to placing ATMs in the field can make terminals safer for potential customers according to ATM Safety and Security Tips published by the LAPD. Locations that are safer for customers are also more secure for the ATM owners. The criminal activity report can also help determine what type of security would best suit each location.
As threats to ATMs evolve so too do security measures. To keep your ATM terminals secure, explore the following security options:
Other physical deterrents include ATM body armor that surrounds the terminal in steel plating and anchor kits. Bolting the ATM to the ground provides an extra layer of security as most anchor kits are designed to withstand high impacts.
Investing in security management software with remote diagnosis or other monitoring solutions allows ATM owners and operators to manage and monitor terminals in real time. Most security software contains features that scan for unusual transaction and/or service activity at each ATM and send alerts when suspicious activity is recorded.
The proper combination of prevention strategy and technology can greatly reduce the risk to ATM terminals. To find out more about potential threats to ATMs and solutions available to protect them, download the new MVP Financial Equipment white paper, Improving ATM Security, here.
About Mark Smith — A leader in the ATM industry for over 20 years, Mark serves as Business Development Director with MVP Financial Equipment, a U.S.-based full-scale ATM refurbishment and parts distribution company. He manages MVP’s VAR (Value-Added Resellers) program and provides resellers to financial institutions with a wide range of cutting-edge and affordable products and services that increase sales and provide customers with added-value. Connect with Mark via email or on LinkedIn.