ATM Safety Update: 2 out of 3 Physical Attacks Are Unsuccessful

Despite what you may see on the big screen with a healthy dose of Hollywood magic, the days of physical attacks on ATMs resulting in big paydays for criminals are mostly in the past. In fact, according to a report by Europol and the European Crime Prevention Network, only one in three physical attacks against ATMs are successful.

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TRF: The ATM Attack You Need to Know About Now

In a time of “zero day” attacks, advanced network penetration, and ransomware, financial institutions are spending significant portions of their budgets on security, and for good reason. Of course, the concept of defense in depth is nothing new in the security and physical security field, especially in the financial services industry, but as organizations are preparing themselves for advanced threats, criminals have begun to turn again toward more basic attacks on ATMs.

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What You Need to Know About ATMs and IoT

Nearly every business finds itself in the midst of a digital transformation, where new technology is forcing them to evolve quickly to meet customer expectations and maintain relevance. Financial institutions and their ATMs are on the front lines of this battle.

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Smart Safe Features and Benefits

Despite all of the hype of cryptocurrencies, mobile pay, and contactless payments, cash is still king for many businesses. But when it comes to handling, storing, and managing all of that money, businesses quickly notice that dealing with cash using only traditional methods can be rife with risk and inefficiencies.

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Quick PCI DSS Compliance Checklist for Banks and Credit Unions

In November 2018, the Marriott hotel group announced that it had fallen victim to a massive hack. While the full scale of the data breach is still being calculated, what we do know is that as many as 500 million customers had their names, personal information, contact information, passport numbers, and other account information stolen, including some credit card numbers.

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ATM Safety in 2019: Physical, Hardware, and Software

Every year, it seems that the ingenuity, persistence, and damage that criminals can bring to their trade continue to break new ground. Unfortunately, 2019 will likely be no different. With threats evolving and criminals taking advantage of new tools, features, and techniques embedded within ATMs, financial institutions will have their work cut out for them. The good news is, however, that the same tried-and-true types of defenses that you can employ against them work just as well as they ever have as long as they are used and tuned correctly.

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