ATM attacks & fraud up, survey reports

The study finds that 86% of respondents experienced some kind of ATM data fraud in the last 12 months.

Most ATM operators say they’re experiencing more ATM attacks and fraud in the last 12 months, but opinions about how to fight back appear mixed, according to new data from the ATM Industry Association (ATMIA).

The trade group’s survey found that 58% of respondents said physical ATM security breaches and ATM fraud incidents increased over the last year, and 59% said fraud attacks in particular have increased. In 2016, those numbers were just 42% and 43%, respectively.

ATM Theft Battles Continue

More than two-thirds (67.35%) of the respondents in the ATMIA survey said that in the last 12 months they experienced ATM thefts using vehicles, and over half (57%) experienced ATM theft via other means. About half or more of the respondents said these types of thefts remained constant or increased over the year.

 

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