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The proliferation of skimmers has put the ATM industry on alert. Diebold Nixdorf came out with a machine which has you insert your card lengthwise instead of width wide."Skimming has historically been the number one fraud issue for the ATM channel, so it's always been, on top of mind for our folks. "The ATM operators …are doing as much as they can to try to fight this… "The way we approach it is by changing the direction and way and how we read the magnetic strip on the card.
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"ATM skimming is an over billion problem globally," said Martin Bally, vice president and chief security office at Diebold Nixdorf, an ATM manufacturer. credit and debit transaction use the more secure chips instead of magnetic strips, according to the U. "Now there's a skimmer that is literally as thin as…a credit card. It's not even detectable," said Chris Hadnagy, the CEO of Social-Engineer, a cybersecurity training company.
Criminals are trying to cash in before more place switch over to chip cards, which skimmers currently do not work on. Hadnagy trains clients and law enforcement on the latest threats.
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