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ATMIA launches global fraud alert service
July 24, 2005
BROOKINGS, S.D. - The ATM Industry Association announced in a July 25 news release the launch of a global fraud alert service that focuses on multichannel security alerts for financial services.
The new service, called Fraud Alert Services Team, will involve collating and distributing fraud alerts from a variety of sources, such as the Global ATM Security Alliance.
"The Global ATM Security Alliance has become aware of the need for a more holistic view of security in an increasingly inter-related multi-channel environment," said Mike Lee, ATMIA chief executive."Fraudsters are using one channel, such as Internet banking or point-of-sale devices, to commit fraud on a different channel, such as an ATM. In this context it is vital to supply security practitioners in our industry with a broad range of fraud alerts about threats to different channels. In addition, crime migrates - not just across channels but also across countries and continents, so fraud alerts need to have global scope as well."
The system will be tested during a six-month trial period, which will include pooling alerts from different sources and sending them through distribution channels of each participating organization. The fraud alerts will bear both the FAST logo and the logo of the organization supplying the alert.
The alerts will have simple, standardized structures that outline the nature of attack, specifying which channel or channels are impacted and what preventive measures could be taken.
For more information, contact Mike Lee.
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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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