January 18, 2013
ATMIA publishes best practices for preventing cash trapping
SOUTH DAKOTA, USA & LONDON, UK – ATMIA today announced the publication of a new best practice manual for preventing cash trapping at ATMs. Due in part to the success in addressing many types of ATM fraud, cash trapping, a type of ATM crime that goes back many years, has been reinvented and is currently on the rise again in some parts of the world, including Europe.
“Although cash trapping is a rudimentary kind of attack on ATMs, these incidents can cause inconvenience, disruption to ATM services and dent consumer confidence,” commented Mike Lee, CEO of ATMIA. “This new manual will certainly reinforce the ATM’s hard-earned Trusted Environment and reduce the opportunity for fraudsters.”
The manual defines cash trapping as any method or device used to deliberately prevent a consumer from receiving all, or some, of the cash requested at an ATM. It analyses all types of known cash trapping devices, including sophisticated electro-mechanical devices. Technical solutions are then discussed and best practice recommendations outlined.
“I’d like to thank Douglas Russell, Director of DFR Risk Management Ltd as well as Dave Lewis, Director, ATM Security, Diebold and David Devine, Global Investigations Manager of NCR, for invaluable guidance in producing this topical and important ATM security work. It’s all part of protecting our great technology.”
For more information on this subject, contact Mike Lee at firstname.lastname@example.org.