The American Bankers Association has added a new feature to help its members crack down on ATM skimmers.
With the new feature, the ABA now lets users of its Bank Capture system add data on crimes committed on ATMs, and track and analyze nationwide trends on ATM skimming. Banks can add data on jackpotting, the crime of using malware to force an ATM to dispense money; card trapping; and shimming, which uses an internal reader to extract cash from a machine.
Skimming has become one of the most vexing types of bank crime, said Doug Johnson, the ABA’s senior vice president of payments and cybersecurity policy.
“Studies show that criminals steal 10 times more money in the average skim versus the average bank robbery,” Johnson said in a press release Wednesday.
ABA Bank Capture is a database including information from 60% of all U.S. bank branches. The information is shared with law enforcement. ABA Bank Capture also helps members budget for bank security, creates peer benchmarks and provides advice on loss management.