ATM skimming a bigger problem now?

There's a good deal of anecdotal evidence that ATM fraud is on the rise globally. In the United States, we've seen a spate of incidents in Baltimore, New York , Conn.,just to name a few. In Europe, ATM fraud rose 150 percent in 2008, according to one report. In Canada, New Zealand and Australia , there also seems to have been a surge. One media outlet down under suggested than an international ATM skimming ring may be at work. The method of choice by the skimmer is to somehow insert hardware into an ATM machine that captures information while a small camera records PINs. (Sometimes it's obvious when such a tool is used. Here's a picture.)

ADT Securities has recently launched a solution that sits inside ATMs, invisible to customers and criminals. It senses if a skimming device has been added to the ATM and sends out a silent alert. It also triggers a jamming mechanism that disables the skimmer. The customer will be able to complete the transaction.

Related Articles:
Bank fees to rise?
New consumer bank technologies on the rise
New type of identity theft scam emerges