Article

How well are your ATMs protected against new skimming technologies?

A March 15 webinar will take a look at the increasingly high-tech skimming methods that have emerged recently — and the steps deployers can take to avoid falling prey to them.

March 8, 2016 by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

ATM skimming is nothing new. But this doesn't mean there isn't anything new in ATM skimming.

In fact, ATM security experts have seen disturbing new developments in skimmer design and deployment over the last several months. And it's a fair assumption that we'll see a steep rise in the use of these methods — and their successors — in the days to come.

Anti-skimming experts at TMD Security say they are seeing the emergence of new types of skimmer technologies that are placed inside the machine where they are virtually undetectable — and cannot be blocked by standard skimming defenses.

Additionally, the company has examined new stereo skimming technology that can defeat anti-skimming techniquest that use signal jamming.

In a free live webinar on March 15, hosted by ATM Marketplace and presented by TMD Security, you will get fresh insight into these and other new threats confronting the ATM industry in 2016. The webinar will consider the relative usefulness of existing anti-skimming methods in combating new threats, as well as the effectiveness of new solutions developed specifically to address these threats.

EMV in the equation

The stakes in the battle against ATM skimming have never been higher. Industry experts have repeatedly warned that the run-up to EMV migration deadlines in the United States will produce a bonanza of skimming attacks at ATMs around the world, as criminals look to rake in big gains before their gateway to opportunity begins to narrow.

But while it might narrow, it still will not be closed. Even after the first EMV migration deadline for ATMs, criminal enterprises will continue as fraudsters seek out ATMs that have not been EMV-enabled — or properly enabled. And there will be tens of thousands of them.

Does this mean that even if you think your ATM network is safe, is it might actually be exposed? It's a possibility, according to TMD.

The company said that some deployers assume that their ATMs get too little traffic to be inviting to criminals, while others assume that anti-fraud protection that came with their newer-model ATMs will protect them from skimming losses — whether or not they've made the transition to EMV.

Both could be mistaken, and with expensive consequences. This webinar will provide concerned ATM deployers with fresh insight into new threats in 2016 and solutions to combat them.

Threats and solutions

The webinar discussion of current concerns will cover:

internal skimmers and shimming devices that go undetected;
"second generation" stereo skimming and a case-study on new defenses;
"eavesdropping" attacks spreading internationally; and
advantages of active protection vs. negatives of detection.

TMD panelists in the one-hour discussion will include:

Robin Hamstra, EMEA sales director, who works with ATM deployers internationally to help them understand the latest threats and integrate security solutions that defend against skimming and card compromise threats;
Tom Moore, managing director for North America, who specializes in ATM fraud management, working with financial institutions, deployers and partners; and
Claire Shufflebotham, global security director, whose product management and marketing roles have included software and services, consultancy; physical and logical security; and compliance.

The one-hour webinar will take place on March 15 at 10 a.m. EDT and will include a presentation by TMD experts followed by an audience Q&A session.

The webinar is free and open to all, with registration.

Register now

photo istock

About Suzanne Cluckey

Suzanne’s editorial career has spanned three decades and encompassed all B2B and B2C communications formats. Her award-winning work has appeared in trade and consumer media in the United States and internationally.