In the last X , ATM skimmer haverisen from fictional terror to very substantial crime . Now , the European ATM Security Team has announce that the total identification number of skimming attempt around the universe is falling — but the total gains made by crooks keep to rise .
Ananalysis of ATM attacksin 2014 reveals that the number of skim off attacks report around the universe has fall from 5,822 in 2013 to 5,631 in 2014 — a modest decline of 3 percent . In fact , the full numeral of ATM - tie in hoax attacks has dropped massively , from 21,346 last year to 15,702 this class — a drop of 26 per centum and the lowest level since 2010 .
It ’s think that the decline in total attacks is due to a massive 95 per centum drop in Transaction Reversal Fraud — where crooks take a couple of notes delivered by an ATM but let it swallow the eternal rest — and a 31 percent dusk in John Cash trapping attack . We can give thanks ATM locomotive engineer for those drop curtain .
But it ’s not all good news . The entire losses due to ATM fraud are up 13 pct to $ 300 million . That ’s mainly ram by a surge in losses from ATM skim , which have risen by 18 percentage and account for $ 255 million of those personnel casualty . In fact , loss in Europe fell , meaning that it ’s the U.S. and Asia - Pacific realm that are on the receiving end of the pseudo .
“ The hike in external grazing losses is not being determine in European state where regional card blocking , often be intimate as geo - blocking , has been wide implemented , ” explain theEuropean ATM Security Team‘s Executive Director Lachlan Gunnin a press press release . “ Keeping an active magnetized stripe on a European [ Chip and PIN ] board continues to make that bill of fare vulnerable to circuit board shaving and geo - blocking significantly reduce the jeopardy of successful compromise . ”
Of naturally , we already knew that the U.S. take to look to Europe to improve its ATM security . Sure , thoseChip and PIN cards are on their way — but they need to become permeative if we ’re to beat the twist at this game .
Images byCatatronicunder Creative Commons permission
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