The bad news for credit unions and other financial institutions is that ATM fraud has matured beyond skimming. Even so-called cardless ATM transactions, offeredat some locations, are under attack.
Cardless ATMs permit accountholders to withdraw money using just their mobile phones. But, according to KrebsOnSecurity this new technology also created another avenue for thieves.
ATM crime includes ATM skimming, PIN compromise, deposit-related fraud, cash trapping, dispenser jackpotting, transaction reversal fraud, eavesdropping, card data malware, shimming chip card data, and network packet sniffing.
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