ATMs have long been a prime target for criminals. ATMs deliver cash, credit and debit bank accounts, and as technology advances, they can serve even more functions than before. For thieves looking for quick cash, ATM crime can be enticing. This means that financial institutions and retailers are constantly fighting attacks. Edge One wants to ensure you are informed when it comes to the different types of ATM security threats and the weapons available for their defense.
Physical ATM Attacks
These attacks involve thieves using brute force to gain access to the ATMs. A few of the more common types of physical attacks are:
- Hook and Chain
- Ram-raid / Pull-out
- Cash Trapping
- Explosive / Gas Attacks
Freestanding drive-up ATMs are particularly vulnerable to these attacks. We are seeing an increase in frequency in these physical ATM attacks here in the U.S. Luckily, there are options for protecting your ATMs.
Logical ATM Attacks
As ATM technology advances, so do the methods criminals use to gain access to the funds they contain. Logical attacks are instances where criminals use electronic devices or malware to gain access to the ATM.