Fraud and Theft Involving ATMs - Just the Facts

OTTAWA, May 10, 2013 /CNW/ - In the wake of a number of recent arrests made in the United States of individuals who allegedly carried out cyberattacks on the international banking system to enable fraud and theft, the Canadian Bank Machine Association and ATMIA (ATM Industry Association) are clarifying the facts around the case as it relates to ATMs, especially here in Canada.

Here are the facts:

  • The alleged criminal activity for which arrests were made is not related to ATMs. The individuals arrested are accused of having carried out targeted hacking operations on specific financial institutions, not on ATMs themselves.
  • The alleged criminal activity did not occur due to security breaches of ATMs.  The accused only allegedly used ATMs to withdraw the proceeds of their hacking operations.
  • No specific types of ATMs are more or less vulnerable to this type of alleged crime than others.  The alleged hacking operation was designed to allow the accused to withdraw money fraudulently from any ATM, regardless of their security systems, affiliated financial institutions, or owners.

Canadians can remain confident that ATMs are safe, secure and convenient ways to access their money.  Both the Canadian Bank Machine Association and ATMIA are committed to the integrity of the payments system and are dedicated to the elimination of ATM fraud.  We encourage all Canadians to remain vigilant with their personal banking information, to protect themselves from fraud and theft.

SOURCE: Canadian Bank Machine Association

For further information:

Chris Chandler
President
CBMA
416-247-0200 ext. 2237
www.cbma.ca

Curt Binns
ATMIA Canada
416-970-7954
www.atmia.com

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