Executive Summary |
4 |
Introduction |
5 |
The Development of the ATM
|
5
|
Types of ATM Frauds |
6 |
The Lebanese Loop
|
7
|
Distraction
|
7
|
Card Jamming
|
7
|
Card Swapping
|
7
|
Diversions
|
7
|
Website Spoofing or "Phishing" |
7
|
False ATM Presenter
|
8
|
Fraud using a Stolen Card
|
8
|
ATM Burglary
|
8
|
Customer Pin Stealing
Methods
|
8
|
Fraud Prevention Solutions |
9 |
Precautions to Prevent an
ATM Fraud
|
9
|
Location of an ATM
|
10
|
Video Surveillance
|
10
|
Remote Monitoring
|
10
|
Anti Card Skimming
Solution
|
10
|
Consumer Awareness
|
11
|
NCR Corporation Introduces
Fraud Detection Solution
|
12
|
Barclays Bank Launches an
Antifraud Initiative
|
12
|
Barclays Introduces Tamper
Free ATM
|
12
|
Mastercard Introduces
Online Fraud Monitor
|
12
|
Introduction of Eurocard
Mastercard Visa Smart Cards in the Asia Pacific Region
|
13
|
Financial Organizations in
the US Convert from Magnetic Strip to Chip Cards
|
13
|
What are EMV Chip Cards?
|
13
|
Tackling with ATM Frauds
|
14
|
Industry Analysis
|
14
|
Challenges Facing The
Financial Industry In Fighting ATM Frauds
|
16
|
Banks Push Smaller Frauds
under the Rug
|
16
|
Lack of Consumer Awareness
|
17
|
Decline in Consumer
Confidence
|
18
|
ATM Frauds in Select Geographic Regions
|
18 |
Asia Pacific
|
18
|
The United States
|
23
|
Regulatory Environment |
26 |
Anti Money Laundering
Regulations
|
26
|
U1 291 Level 1
|
27
|
DCPCU |
27
|
Fraud Intelligence Bureau
|
27
|
ICC Financial
Investigation Bureau
|
28
|
Arkansas Passes Law to
Protect Confidential Customer Information
|
28
|
Japan Implements
Regulations to Refund ATM Fraud Victims
|
28
|
Outlook |
28 |