17Jan
Filed in Banking industry news
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Ultimate Media
People who use bank ATM (automated teller machine) cards need to take additional counsel to save their income from augmenting ATM fraudsters.
This follows augmenting cases of people losing their income to people who repel their accounts dry.
Philip Odera, a Managing Director of Stanbic Bank Uganda says some people have shaping gadgets that record your PIN and other information when we are during an ATM.
He says they also have a label reader that gets your sum on your card. Odera says they make cards matching to yours and repel your money…
He is appealing to bank business to change their PIN series as frequently as probable and defense with your palm when we enter a PIN during an ATM.
Odera also says it is critical to memorise your PIN never write it down.
Article source: http://www.ugpulse.com/uganda-news/business/public-warned-against-increasing-atm-fraud/23599.aspx
atm fraud, automated teller machine, bank ATM, caution, machine, Media, Philip Odera, Stanbic, Stanbic Bank Uganda, Teller
20Dec
Filed in WINCOR NIXDORF
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Consumers are Unaware of Common ATM Security Threats
According to Wincor Nixdorf Survey
Majority of consumers would switch banks to get more secure ATMs
Wincor Nixdorf, one of the world’s leading providers of IT solutions and services to retailers and retail banks, announced that, according to its recent survey, consumers are largely unaware of major security threats at their ATMs – but would switch banks if another institution demonstrated that it provided more secure ATMs.
The study polled the knowledge, preferences and trends around ATM security of consumers based in the United States. The survey revealed that, despite an overwhelming concern about ATM fraud, the majority of consumers are unaware of popular fraud tactics, such as ATM card skimming. Skimming causes $350,000 in monetary losses each day and is occurring five times more frequently this year than ever before, according to the Secret Service.
Additionally, the majority of consumers agreed that if another bank offered significantly more advanced ATM security, they would switch banks. Continue reading “Consumers are Unaware of Common ATM Security Threats According to Wincor Nixdorf Survey” »
atm fraud, atm security, card skimming, retail banks, WINCOR NIXDORF
06Jul
Filed in DIEBOLD | Skimming
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Hardware and outsourced monitoring solutions deliver advanced levels of ATM protection
NORTH CANTON, Ohio, June 1, 2010 /PRNewswire via COMTEX/ –Advancing its 150-year legacy of leadership in the financial and self-service and security industries, Diebold, Incorporated (NYSE: DBD) has introduced a comprehensive portfolio of skimming-protection solutions that help financial institutions mitigate card skimming, one of the largest threats against the automated teller machine (ATM) channel worldwide.
Designed to provide effective countermeasures against known skimming attack vectors, Diebold’s ATM Security Protection Suite consists of anti-skimming packages and an industry-leading outsourced monitoring service. The suite offers five levels of protection to proactively guard against increasingly sophisticated card-skimming attacks.
“As a trusted partner and leader in providing ATM security solutions, Diebold is committed to working with our financial-institution partners to help reduce financial losses and maintain confidence in the ATM channel as a whole,” said Chuck Somers, vice president, ATM security and systems, Diebold. “Diebold’s comprehensive portfolio of skimming protection solutions represent an advanced generation of technologies and the most innovative anti-skimming expertise in the industry.”
Continue reading “Diebold Introduces New Skimming-Protection Solutions to Combat ATM Fraud” »
atm card, atm fraud, atm security, automated teller machine, Fraud, Incorporated, information, monitoring, north canton ohio, technology
03Jul
Filed in Fraud | Skimming
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By Doris Dumlao
Philippine Daily Inquirer
First Posted 20:42:00 06/24/2009
Filed Under: Banking, Consumer Issues, Crime
MANILA, Philippines – The Bankers Association of the Philippines reminded the public to be more careful when using of automated teller machines (ATM), after the a new scam was uncovered.
The scam involves capturing the stored personal identification number (PIN), card number, and other relevant information by skimming the magnetic strip of the ATM card using a specialized scanner. The captured information is then copied to produce a duplicate ATM card, allowing the scammers to make withdrawals without the card holder’s knowledge.
Continue reading “Business – Public warned over new ATM scam – INQUIRER.net” »
atm fraud, Skimming
