Diebold claims skim-proof ATM technology
Diebold claims new technology can prevent all known ATM skimming attacks
Security systems specialist Diebold believes it has found a way to combat all known forms of ATM skimming - the illicit reading of card data from devices inserted into ATMs.
The Diebold ActivEdge anti-skimming card reader changes the direction that a user inserts their card into an ATM, from short edge first, to long edge first.
ActivEdge requires card users to insert their cards long-edge, making it impossible for skimmers to capture the card's information, and preventing all modern skimming devices from reading the card's full magnetic stripe, eliminating the devices' ability to steal card data.
The ActivEdge encrypting read head prevents criminal modifications to the card reader. Its encrypted communication to the ATM's central processing unit eliminates the ability to fraudulently capture and track card data. In addition, each reader is paired with a specific ATM, precluding installation of fraudulent readers. To counteract card trapping and fishing attacks, ActivEdge features automatic gate-locking functionality, which prevents fraudsters from freeing trapped cards.
"Skimming devices have become more sophisticated and it was crucial to find an innovative solution to stop this type of fraud, which, today, represents the majority of overall ATM-related fraud, and restore consumers' confidence in ATM transactions," said Bassem Bouzid, senior vice president and managing director, Diebold EMEA. "The ActivEdge card reader is the greatest weapon in the fight against card fraud and will enable financial institutions to guarantee consumers highly secure ATM transactions."