Fraud Alert – The Latest in ATM/ITM Attacks

About the Podcast

In this episode, VP of Risk Consulting at Allied Solutions, Ann Davidson discusses the latest cases of physical attacks on ATM/ITMs, cash loss, and machine damage that is happening across the nation. Join Ann as she explains what the bad actors are up to, how they are getting away with it, and the security measures branches can take to help prevent theft. 

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Key Takeaways:

  • [01:10] ATM/ITM attacks have been taking place for over a year now. They are hooking up the ATM/ITM and they are pulling it off the foundation. Usually, the attacks happen around 3 AM.
  • [02:31] The biggest thing is putting the barriers around the ATMs/ITMs. The cement barriers are ever so critical. 
  • [06:27] Confirm that your ATMs/ITMs are chip-enabled, in case they decide to use counterfeit cards. Make sure it only uses a chip and doesn’t allow swipe transactions.
  • [07:51] It is not if, it is when they are going to attack.

Presented By

Ann Davidson
Ann Davidson

VP of Risk Consulting | Allied Solutions

With more than 40 years of diverse experience in the financial industry, Ann Davidson has become a nationally renowned expert in risk control and risk management. Ann has an impressive list of achievements and accreditations in the financial industry, which includes making notable article contributions to accredited financial publications and being a keynote speaker on a variety of risk management topics at hundreds of conferences and seminars nationwide.