Survey: Fraud, Physical Attacks Against ATMs Up in 2012

What's Next In Payments®
3:32 PM EST December 10th, 2012

American Banker reported that fraud and physical attacks against ATMs rose globally in 2012, according to a survey of 225 respondents worldwide released by the ATM Industry Association.

According to the survey, the swiping of details embedded in the magnetic stripes of debit and credit cards inserted into ATMs remains the top threat to ATM security, followed by the deployment of devices that trap cash or cards and prevent them from being dispensed to customers. The use of gas and explosives to destroy ATMs has increased in the past six months as well, according to the survey.

Read the full story here.

Comments
Also by This Author
What's Hot
Alternative Financial Services
Silk Road Collaborator Sentenced To Two Years
Merchant Innovation
Rent-The-Runway Raises $60M, Eyes Real-World Commerce
Merchant Innovation
Target Restructures to Boost Business Intelligence
Europe
UK Payments Council: Let’s Add More Data To Electronic Payments
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Karen Webster
What Payments Will Look Like In 2015
Alternative Financial Services
Silk Road Collaborator Sentenced To Two Years
Merchant Innovation
Rent-The-Runway Raises $60M, Eyes Real-World Commerce
Financial Inclusion
Giving Goes Mobile
View All Articles ››