News

ADT launches new anti-skimming device to deter ATM fraud

March 11, 2009

BOCA RATON, Fla. — ADT Security Services has introduced a new advanced skimming-detection device for financial institutions in North America.

According to a news release, the ADT Anti-Skim ATM Security Solution helps prevent skimming attempts and detects skimming devices on all major ATM makes and models.

The ATM Industry Association reports that more than $1 billion in annual global losses from credit card fraud and electronic crime are associated with ATMs.

"But perhaps the most significant skimming cost to financial institutions is the damage to their reputation and the loss of customer confidence that accompanies the theft of personal financial information," said Hank Monaco, vice president for ADT Security Services. "The technology exists today to help defeat that problem."

ADT's anti-skim solution is installed inside an ATM near the card reader, making it invisible from the outside. The solution detects the presence of foreign devices placed over or near an ATM card entry slot, without disrupting the customer transaction or operation of most ATMs. Also, the technology helps prevent card-skimming attempts by interrupting the operation of an illegal card reader.

The ADT solution can trigger a silent alarm for command-center response and coordinate video surveillance of all skimming activities. It does not require software adjustments to the ATM and does not connect to or affect the ATM's communications network.

The ADT Anti-Skim ATM Security Solution was tested on ATMs at four major U.S. FIs in controlled pilot programs prior to launch. Testing pilots yielded positive results, with no known skimming compromises occurring.

"ADT already helps to protect tens of thousands of retail banking facilities, operations centers and ATM operations with a variety of intrusion, access control and video surveillance systems,' Monaco said. "Our new anti-skim solution adds another layer of protection for financial institutions."

Included In This Story

ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

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