The latest ATM Industry Association (ATMIA) membership survey has identified skimming as the greatest global ATM threat.
Skimming is when a device is fitted to an ATM that reads a cards magnetic strip allowing a fraudster to extract information that is used to defraud victim.
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225 respondents stated that cash and card trapping was the next largest threat, although primarily a European problem and which hasn’t migrated to America as of yet. This was followed by gas and explosive attacks, with ATM burglary and cyber attacks coming after that.
54% of those questioned revealed that they had invested more in security technology and solutions since the first survey in 2Q of 2012 when the figure was 53%. 17% of those increased their investment significantly.
Mike Lee, CEO of ATMIA, said: "The security of ATMs is undoubtedly world-class – but we need to stay vigilant to ward off new and emerging threats. 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. ATMIA established the Global ATM Security Alliance (GASA) in June 2003 with the aim of employing global security resources in a united alliance in order to protect the ATM industry from criminal activity.
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