ATM Fraud and Security Digest

Extracts from February's monthly digest: 

ATM Skimming / Skimming / Data Compromise

ATM skimming was widespread in February, as were the number of court appearances and arrests of suspects...

Phishing / Vishing /Smsishing / Advanced Fee / Funds Transfer Fraud

During February, phishing, included variants on Tax Refund Fraud. Various regions reported tax refund scams, normally initiated by an e-mail which points to a fraudulent web site...

Transaction Reversal Fraud / Manipulation / Denomination Fraud

Transaction reversal fraud was detected in the UK and suspected elsewhere in Europe during February.

ATM Cheque (check) Fraud / Fake Cheque / False Deposit

In countries such as the USA, where it is common to allow access to funds deposited at an ATM prior to full clearing and validation, criminals exploit the system by using fake cheques...

Legislation / Law

The State Parliament, Queensland, Australia, passed amendments to the Criminal Code...

Card Trapping / Card Theft / Distraction / Card Swapping

Throughout February, card trapping was prevalent in the UK. In one UK town, police were reported to be checking ATMs hourly for evidence of card traps such as Lebanese Loops ...

 Ram Raid Attacks / Theft of ATM / Smash-and-Grab

In Saudi Arabia, an alarm was activated and the theft of an ATM failed. February continued the trend of ram raid attacks

Safe Cutting / Safe Breaking / Frontal Attacks / Theft from ATM

While power tools and other cutting equipment are the usual equipment of choice, a failed attempt with an axe was reported in February...

Explosive Attacks

South African police arrested four suspects believed to be linked to ATM bombing attacks. Two suspects in the USA were arrested...

Event in Focus

Combating ATM Fraud in Africa is an in-depth and highly advanced ATM Fraud and Security training course which will be held in Nairobi, Kenya, between March 15 and 18...  

To read the full digest click here ........