While deposit fraud at the ATM has remained stable for the last three to four years, the ability for fraudsters to commit these crimes is significantly reduced when ATMs move to imaged or automated-deposit platforms.
Journalists cannot lose perspective. I was reminded of this point last week, after delivering a brief presentation to a small group of community banks and credit unions.
"Not having the technical expertise, you rely on the manufacturer to help you with something like this - to stay one step ahead of these problems." - Lilia Rojo, SCE Federal Credit Union
If an ATM can be hacked effortlessly during a conference presentation, then how vulnerable to fraud are these devices when deployed by banking institutions and merchants?
Magnetic-stripe cards are quickly showing their age, and are increasingly giving the rest of the world a reason to point a finger of shame at the United States.
While physical attacks on ATMs are common when the economy is struggling, industry experts say such incidents actually are declining throughout the world.
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