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FTR Solutions offers free ATM Fraud Prevention Framework

March 30, 2018

FTR Solutions has announced its release of the ATM Fraud Prevention Framework.

According to a press release, this freely available publication brings together for the first time a comprehensive set of best practice and anti-fraud requirements with a suite of validation tests to assess fraud exposure at self-service devices. FTR Solutions said that it is providing the framework to the industry at no charge as a global crime prevention initiative.

"ATMs have always been an attractive target for criminals due to the potential to get direct access to cash, so institutions need to remain vigilant against the threats faced by criminal activity," FTR Solutions Chief Technologist Dave O'Reilly said in the release. "We have developed a set of requirements and validation tests that can be used to build ATMs to the highest anti-fraud standards and we are giving it away for free so that institutions can make their ATMs less attractive targets for criminals."

Best practices literature for fraud prevention is plentiful, and many types of fraud can be prevented by appropriate use of well-understood and widely available countermeasures. However, until now, there has never been a free, comprehensive framework for defining and assessing fraud prevention measures applied to ATMs and other self-service machines, the release said.

"The framework aims to be as complete as possible," O'Reilly said. "And we hope that by publishing this document, other members of the ATM security community will provide feedback so that the document can become a gold standard for fraud prevention at ATMs and other self-service machines."

Download the complete framework document.