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Another thought... When someone steals account information using such methods, it is unlikely the ATM owner/operator who is responsible for losses. After all,
by ShabbyDoo 17y ago
Another thought... When someone steals account information using such methods, it is unlikely the ATM owner/operator who is responsible for losses. After all, it would be really hard to prove conclusively that it was the fault of a particular ATM's lack of security that led to future thefts. Perhaps strong correlation could be shown, but the legal costs associated with reimbursement likely outweigh the efforts, at least in the short term.
Do ATM owners have any incentive to prevent thefts? I suppose those who process mostly the transactions of their own customers (BoA in SF, etc.) have the greatest incentive as the problem is their own.
- bruceba 17y agoI was just a victim of ATM fraud (presumably by skimmer) and according to the detective who handled the police report, there is almost no cooperation from banks and card providers. It is not in their interest that you know how much fraud there is out there. I have heard figures of over 8-10% in the US. That's a lot of overhead to be passing onto the consumer.
- ShabbyDoo 17y agoHow hard was it to convince your bank that you hadn't withdrawn lots of cash?
- bruceba 17y agoVery simple, actually. They didn't even require a police report but I filed one anyway. The detective even sent me a picture of the suspect because they had the location and exact time of day. That's probably the end of it, though.
- tedunangst 17y ago8-10% of what?
- bruceba 17y agoTotal transaction value of all ATM/credit card usage. Lots of money.