Fraud alert – The latest in ATM/ITM attacks

by The CU Lab

In this episode, VP of Risk Consulting at Allied Solutions, Ann Davidson discusses the latest cases of physical attacks on ATM/ITMs, cash loss, and machine damage that is happening across the nation. Join Ann as she explains what the bad actors are up to, how they are getting away with it, and the security measures branches can take to help prevent theft.

  • [01:10] ATM/ITM attacks have been taking place for over a year now. They are hooking up the ATM/ITM and they are pulling it off the foundation. Usually, the attacks happen around 3 AM.
  • [02:31] The biggest thing is putting the barriers around the ATMs/ITMs. The cement barriers are ever so critical. 
  • [06:27] Confirm that your ATMs/ITMs are chip-enabled, in case they decide to use counterfeit cards. Make sure it only uses a chip and doesn’t allow swipe transactions.
  • [07:51] It is not if, it is when they are going to attack.

 

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