Survey: Fraud, Physical Attacks Against ATMs Up in 2012

What's Next In Payments®
3:32 PM EDT 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.

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