It is well known that ATMs are subject to many different types of attacks, from skimming or tampering, to robbery.
In the last few months, the U.S. has seen a spike in a new type of assault on ATMs-“Hook and Chain” attacks. In this style of attack, criminals attach chains or cables to the ATM, hook those chains to a vehicle and attempt to physically pull off the door of the safe of the ATM.
In the latest issue of News from the Vault, Intact Financial Services’ Craig Collins shares steps that banks can take to mitigate risk and protect their ATMs. He highlights procedural tune-ups, specialized hardware and location as three imperative factors to ensure that employees, customers, and equipment remain safe.