ATMs are there for our convenience, yet they’ve also become a gateway for criminals to commit fraud. There are many ways to attack ATMs and the people using them. While physical attacks are a concern, nowadays card skimming and fraud cause far more damage.
ATMs are there for our convenience, yet they’ve also become a gateway for criminals to commit fraud. There are many ways to attack ATMs and the people using them. While physical attacks are a concern, nowadays card skimming and fraud cause far more damage.
Skimming and cash harvesting continue to be problems for ATMs worldwide. In the U.S. alone, the number of compromised ATMs and merchant devices rose 30 percent in 2016, according to a recent report by FICO; however, the European ATM Crime Report by the European ATM Security Team (EAST) found card skimming attacks in Europe decreased 20 percent from in 2016. Despite this, ATM related fraud attac...