ADT SECURITY SERVICES has introduced a fraud prevention device designed to protect ATMs by detecting and disrupting the operation of illegal card readers.
"There is a tremendous opportunity for high-tech criminals, known as skimmers, to steal a customer's personal financial information. While the incidences of skimming are still relatively few in number, it has been identified by the US Secret Service as one of the financial industry's fastest-growing crimes," ADT VP Hank Monaco told The News.
 "And the potential for loss and inconvenience from each incident is frightening. But perhaps the most significant skimming cost to financial institutions is the damage to their reputation and the loss of customer confidence that accompanies the theft of personal financial information. The technology exists today to help defeat that problem."
According to Monaco, a recent study by Harris Interactive indicated that two-thirds of US adults who use ATMs are likely to switch to another bank after an instance of ATM fraud or a data breach.
"This survey highlights the important role that the ADT Anti-Skim ATM Security Solution can play, in helping secure consumer confidence in ATM transactions. ADT already helps to protect tens of thousands of retail banking facilities, operations centres and ATM operations with a variety of intrusion, access control and video surveillance systems. Our new anti-skim solution adds another layer of protection for financial institutions," said Monaco.
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