New ATM skimming and fraud threats recently reported.
Several new skimming and fraud threats have recently been reported on ATMs and fuel stations. One such device is a newer smaller deep insert skimmer used on dip reader ATMs. While industry professionals thought that a dip reader ATM had too small of a clearance for such a device to successfully skim a card, this new smaller technology is thought to be able to fit into a dip reader ATM and work successfully. In addition, there may be other fraudulent ways criminals are coming up with to potentially breach ATMs. One possibility is an EMV chip being skimmed by way of a “shimmer”. This technology was piloted and successfully implemented in Europe by criminals and may come to the US at some point in the future.
There are a few protective measures financial institutions can take to assist in mitigating the risk of those threats:
- One is a 3rd party skimmer blocking kit for deep insert skimmers on dip reader ATMs [ click here for PDF from TMD on the Card Protection Plate (CPP) solution]. These kits are available to fit on both NCR and Diebold dip reader ATMs, they reduce the clearance in the card reader to help mitigate the risk of successfully fitting both the deep insert skimmer along with a customer card in simultaneously which is required to accomplish the skimming fraud.
- The other is a unique CSG solution which positions a camera above the ATM and using analytics to detect loitering and cross-referencing the data with not having an ATM transaction during that same time window. An immediate alert would be sent to any appropriate parties. This solution is in beta and being tested.
While Cook Security Group, our manufacturer partners, and 3rd party partners try to be proactive and protect against such threats, criminals continue to come up with new ways to commit fraud. The latest protection at the time can become compromised once criminals come up with something new. One advantage of the video analytics solution is that regardless of any new skimming device, the video analytics can send an alert if there is loitering and no transaction. For more information on either solution, please contact your local Account Manager or email us at firstname.lastname@example.org.