In today’s age, protection against physical and digital attacks is essential, making ATM security more crucial than ever. With cyber threats on the rise, safeguarding your ATM fleet is not just an option — it’s a necessity.
The Numbers Don't Lie
60%
OF ATMs ARE AT RISK OF PHYSICAL ATTACKS
SEON’s Global Banking Fraud Index 2023 discusses the increasing risk and incidents of physical attacks on ATMs. This statistic reflects the widespread threat of such attacks in the financial sector, underscoring the need for enhanced security measures.
85%
increase of atm malware attacks in the past year
The Nasdaq Global Financial Crime Report 2024 provides insights into the rising threat of ATM malware attacks. The report details the growing sophistication of these attacks and their significant increase over the past year, emphasizing the importance of robust cybersecurity strategies.
$3.5 Billion
ESTIMATED ANNUAL LOSSES DUE TO ATM FRAUD GLOBALLY
According to the CFCA’s Global Fraud Loss Survey 2023, global fraud losses are substantial, with a significant portion attributed to ATM fraud. The overall fraud losses, including various types of financial crimes, highlight the financial sector’s vulnerabilities.
Rising Fraud Attacks:
- ATM-related fraud attacks rose by 269% between 2019 and 20211.
- Over 91,000 cases of ATM skimming were reported worldwide in 2022.
Physical Attacks:
- In 2023, there were over 18,000 physical attacks on ATMs globally.
- Estimated global financial losses from these attacks reached approximately $150 million annually.
Security Enhancements:
- EMV chip technology has reduced counterfeit card fraud by 75% in regions where it is prevalent.
- Biometric authentication (fingerprint and facial recognition) is gaining popularity, with 34% of consumers preferring it for ATM use.
Cities with the highest incidences of ATM FRAUD IN THE UNITED STATES
Your Defense Strategy
- Physical Barriers
Reinforce ATMs with ATM Security Gate.
- Anti Skimmer
- Real-Time Monitoring
Rest assured that your ATM is protected 24/7 through Remote Monitoring.
- Regular Update
Keep software and firmware up-to-date to protect against vulnerabilities through Outsourcing Services.