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What Is ATM Skimming?

ATM Skimming MODERN DAY BANK ROBBERY INSERT CARD to begin INSERT CARD self-service Worldwide, there are more than 1.7 MILLION ATM LOCATIONS Every year there are 40 BILLION ATM CASH WITHDRAWALS Any of these transactions are What is vulnerable ATM Skimming? to ATM skimming ATM skimming, or card skimming, is a crime that involves installing a device that records or transmits card information • Hidden Camera ATM skimmers are usually plastic or plaster devices that are often placed over an ATM's actual card reader Criminals need a way to RECORD PIN NSERT CARD begin NUMBERS OF ATM USERS Skimming accounts for 98% of all ATM card fraud False Keypad Skimmers aren't just at ATMS They have also been found on gas pumps, in stores and on other point-of-sale card readers Criminals use this collected information to Thieves can collect up to clone bank cards at each ATM $50,000 - $60,000 they skim and withdraw cash The U.S. Secret Service estimates $8.5 BILLION that annually ATM skimming costs institutions and customers U.S. banks lost $1 billion of this HOW TO SPOT AN or ATM Skimmer? elope? sATM dispenses them during When you use a card reader, be on the lookout for anything that looks scratched, loose, crooked, or out-of-place Most card skimmers are held in place with double-sided tape Criminals tend to attach their devices Skimmers usually have a convex design during times of low traffic, including late at night and early in the morning The actual card readers are usually a concave design Other tips Generally, these devices are only left on for a couple of hours When entering your PIN, COVER THE PINPAD WITH YOUR HAND, so that a hidden camera cannot record your PIN The holidays are the most popular time to card skim CALL THE CARD ISSUER IF... Under the Fair Credit Billing Act, you notice SUSPICIOUS CHARGES your card is not IMMEDIATELY RETURNED there are some protections against fraudulent charges made after you've reported loss or theft on your card after an ATM transaction Remember, all ATMS are vulnerable to card skimming. DIEBOLD CAN HELP PROTECT YOU AND YOUR CUSTOMERS. SOURCES: money.howstuffworks.com/atm-skimming.htm fbi.gov/news/stories/2011/july/atm_071411 presented by: atm marketplace hereandnow.wbur.org/2014/05/19/atm-credit-skimming DEBOLD co. ange.nc.us/sheriff/general/ATM%20Skimming.pdf knco.com/electronic-skimming-device-discovered-on-bank-atm tycois.com/insights-and-opinions/articles/atm-skimming-costs-banks nyc.gov/htm/nypd/downloads/pdf/crime_prevention/ATMskimmingtip.pdf bankrate.com/finance/savings/4-tips-to-protect-you-from-atm-thieves-1.aspx abcnews.go.com/US/credit-card-thieves-target-gas-pumps-atms-restaurants/story?id%324624967 bloomberg.com/video/how-much-money-is-lost-every-year-to-atm-skimming-mTts5ktqQ1mwHyN9AOWjIA.html

What Is ATM Skimming?

shared by NowSourcing on Sep 22
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Have you ever heard of ATM skimming? It may be time to educate yourself.

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fraud

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Business
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