ATMIA Publishes 2019 Worldwide 2019 Fraud And Security Survey

Posted On: 9/10/2019

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LONDON, UK and SIOUX FALLS, ND -- The Automated Teller Machine Industry Association has issued its 2019 Global Fraud and Security Survey. Compiled by ATMIA's ATM Security Association , it presents and analyzes information on recognized and potential attack scenarios on ATMs. The association's objective is to share this information with specific industry groups to rapidly develop and implement counter-measures at a global level.

The percentage of respondents reporting a general increase in ATM crime rose slightly from 54% in 2017 to 58% this year, the report found. Specific types of threat are covered in the study, including ATM skimming, PIN compromise, deposit-related fraud, cash trapping, dispenser jackpotting, transaction reversal fraud, card trapping, eavesdropping, card data malware, shimming chipcard data and network packet sniffing, as well as remote and other network compromise approaches for compromising card data.

"I'd like to thank Douglas Russell of DFR Risk Management for a professional analysis of the 2019 fraud industry survey," said ATMIA chief executive Mike Lee and president of its ATM Security Association. "The results enable us to detect year-on-year changes to trends in ATM attacks so that we can adjust our security strategies, solutions and best practices for more effective countermeasures and greater protection of our industry's assets."

Members of ATMIA receive a free executive summary of the report. The association suggested that industry members wishing to access the full report should consider becoming ASA subscribers. An ASA subscription also provides access to the new Theoretical Risk Register, which assesses the risks of types of attack happening in other channels and other sectors migrating to the ATM channel in the near future. It also entitles the subscriber to download the full range of international security best practices for end-to-end protection of the ATM.

One of the primary goals of the ATM Security Association is the creation of security standards focused on the deployers' self-service channel. The focus of the association will be on both hardware and software-related threats, physical and logical attacks. The target is to consider the total environment of the ATM that can have a direct impact on secure usage and operations.

ATMIA serves more than 10,000 members from more than 650 participating companies in 70-plus countries spanning the whole ATM spectrum, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a wide range of ATM service and value-added solution providers.