DULUTH, Ga. NCR on Thursday said it is offering an advanced anti-skimming technology that provides financial institutions with a proactive way to address today’s ATM skimming challenges and deliver maximum availability and convenience to their members and customers.
The company said its Skimming Protection Solution thwarts skimming activity, notifies a financial institution of an attack in real time, and adapts quickly to new types of attacks as they become increasingly sophisticated.
“There were approximately 20,000 skimming incidents in the United States last year,” said Andy Heyman, senior vice president, NCR Financial Services. “The average cost per incident approached $50,000 and skimming costs across a U.S. bank’s entire ATM network is equivalent to about $2,500 per ATM each year.“
Card skimming represents 80% of all attacks against the ATM, the No. 1 ATM crime globally. A Mercator report estimates U.S. card issuers’ total losses from credit and debit card fraud at $2.4 billion.
NCR said it built SPS software to enable its random, multiple-jamming hardware module to block criminal “listening” devices from capturing card data. The new technology also prohibits criminals from tampering or removing the original ATM bezel and helps promptly detect fraudulent devices. The company said these features help provide reassurance and maximum availability.
In addition, SPS constantly reports on the health of the ATM. Through specialized software, SPS can report in real time any attempt to tamper with or disable the jamming signal to law enforcement and the financial institution, helping retain consumer confidence.
