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ATM Crime Reports Fall, Threat Remains

ATM Industry Association issues call to action to implement international ATM security best practices to tackle fraud threats.

By Roy Urrico | Updated on January 06, 2017

Respondents reporting a general increase in ATM crime fell from 51% in 2015 to 42% this year but security remains difficult for credit unions and banks, according to ATM Industry Association.

“This is good news,” Mike Lee, CEO of ATMIA, based in Sioux Falls, S.D., and London, said. “However, the wide range of types of attack, as well as the technologies and tools used by fraudsters, remains a daunting challenge, which calls upon us to stay vigilant and cooperate with law enforcement in stamping out crimes targeting ATMs.”

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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