BROOKINGS, S.D. - The ATM Industry Association has launched an automated ATM risk assessment service for its members. The service draws from ATMIA's experience in administering an international ATM insurance program, underwritten by Lloyd's of London, as well as the work ATMIA has done through the Global ATM Security Alliance.
According to a news release, the online service, called ATM Risk Management, includes a confidential, 50-question ATM risk survey that covers corporate, business, financial, crime and fraud, and liability risks.
Once the survey is complete, the respondent can immediately view his or her scorecard and risk rating online, as well as a set of recommendations related to the areas of risk identified by the survey. Results and recommendations, which include industry reference materials about procedures for risk mitigation, are e-mailed to the member-respondent.
The survey may be used more than once, allowing members to test the success of risk-mitigation steps suggested by the system.
"The system is password-protected. It is a completely automated system, a kind of self-service risk-management exercise," said Mike Lee, ATMIA's chief executive. "I know of nothing like it in our industry. It will assist our members to implement steps to ensure they are protected against the different kinds of risk any ATM business faces in today's world."
