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I wouldn't say ATMs are secure, they're regularly stolen here in Uruguay, and in Argentina as well (just 3 days ago they stole 1 million from one (1), and one w

I wouldn't say ATMs are secure, they're regularly stolen here in Uruguay, and in Argentina as well (just 3 days ago they stole 1 million from one (1), and one was stolen today here in Uruguay ). They're regularly lifted and carried away here in Uruguay, one police officer said: ""ATMs are still being stuck to the ground with glue," said one visibly angry commissioner yesterday morning (March 22nd), investigating the unusual theft of yet another ATM, which was completely lifted by thieves, who took it "like a bag of brownies". This time, they "lifted" the cashier that was installed in 4896 between Ariel and February 28 streets, just two blocks from the Sayago mall , and took it away after opening the glass door with a magnetic card." Plus, they're error-prone, I've been victim of such an error several times (the ATM failed to give me the money but withdrew from my account, which SHOULD NEVER HAPPEN), in one of the cases I never got my money back (from Bank Boston Uruguay, which is now Banco Itaú). I'm of a mind that, for small amounts of money, you're better off having it "under the mattress" that in a bank (see: Cyprus, unresponsive banks, etc...). We've had a Cyprus-like bank freeze here in Uruguay, and much worse than Cyprus in Argentina (they forcibly turned their dollars into worthless pesos a few years ago (3) ). (1) http://www.ambito.com/noticia.asp?id=680399 http://www.ambito.com/noticia.asp?id=680399 (in Spanish) (2) http://www.lr21.com.uy/justicia/25139-otro-cajero-automatico-volo-en-la-madrugada http://www.lr21.com.uy/justicia/25139-otro-cajero-automatico... (in Spanish) (3) http://en.wikipedia.org/wiki/Corralito http://en.wikipedia.org/wiki/Corralito (in English) Edit: by the way, the faulty ATM in my case was an (old) Diebold machine. So you can imagine I wouldn't trust one with my vote either :P , though I sadly do have to trust them with my money. (fortunately, voting is still manual in Uruguay).

joecurry 14y ago
I'm guessing LoJack hasn't moved into that market yet?
- GFischer 14y ago
  Actually, they do have a sales office here in Uruguay (I think Argentina as well), but they mainly cater to high-end cars (which are stolen and shipped to Paraguay regularly). Banks aren't very well managed here (at least from what I've seen from the IT side), so they're probably skimping on the security. Edit: Along the same track, I wanted to comment on one of the points made on StackExchange by Kaz: Today's ATMs may be more secure than yesterday's ATM's, but the track record has been spotty. fake ATMs have been set up by criminals and used to duplicate bank cards and collect PINs. This takes advantage of the fact that whereas ATMs authenticate users via cards and PINs, users simply trust that ATMs are real by their visual appearance and bank logos. genuine ATMs have been outfitted with criminal equipment to collect PINs, in response to which ATMs had to incorporate new physical measures. A band did this recently, but only managed to steal U$ 20.000 before being spotted. They installed skimmers on 5 ATMs on popular places. Another guy managed to steal U$ 450.000, but was captured (news in Spanish). http://www.montevideo.com.uy/notnoticias_133463_1.html http://www.montevideo.com.uy/notnoticias_133463_1.html An example from Brazil (in Spanish, but with very clear pictures): http://www.taringa.net/posts/offtopic/4349623/Estafa-en-Cajeros-Automaticos.html http://www.taringa.net/posts/offtopic/4349623/Estafa-en-Caje... ATMs have been simply ripped out and hauled away by criminals. This happens a lot here, as mentioned. ATMs are open 24 hours a day and in deserted areas, creating opportunities for criminals to coerce victims into extracting cash. Prior to the ATM, it was not possible to kidnap someone at knifepoint and take them to a bank and 3 in the morning in a seedy part of town. This is scarily common (that is, it happens often enough not to make the headlines) in Argentina, and has happened several times in Uruguay. Example from January (in Spanish), it only makes for a footnote in the Crime News section: http://www.clarin.com/policiales/secuestran-Liniers-llevan-recorrer-cajeros_0_843515721.html http://www.clarin.com/policiales/secuestran-Liniers-llevan-r... As a general observation, new security measures introduced in banking usually tend to be designed to protect the banks from liability, rather than the safety of customers or their capital.
wting 14y ago
This happened at a Walgreen's nearby here in Austin. There is an ATM just inside the doors and the storefront didn't have concrete poles out front. One early morning a pickup truck just reversed into the store, chained up the ATM and dragged it away. There are concrete barriers up now.

joecurry 14y ago

I'm guessing LoJack hasn't moved into that market yet?

GFischer 14y ago
Actually, they do have a sales office here in Uruguay (I think Argentina as well), but they mainly cater to high-end cars (which are stolen and shipped to Paraguay regularly). Banks aren't very well managed here (at least from what I've seen from the IT side), so they're probably skimping on the security. Edit: Along the same track, I wanted to comment on one of the points made on StackExchange by Kaz: Today's ATMs may be more secure than yesterday's ATM's, but the track record has been spotty. fake ATMs have been set up by criminals and used to duplicate bank cards and collect PINs. This takes advantage of the fact that whereas ATMs authenticate users via cards and PINs, users simply trust that ATMs are real by their visual appearance and bank logos. genuine ATMs have been outfitted with criminal equipment to collect PINs, in response to which ATMs had to incorporate new physical measures. A band did this recently, but only managed to steal U$ 20.000 before being spotted. They installed skimmers on 5 ATMs on popular places. Another guy managed to steal U$ 450.000, but was captured (news in Spanish). http://www.montevideo.com.uy/notnoticias_133463_1.html http://www.montevideo.com.uy/notnoticias_133463_1.html An example from Brazil (in Spanish, but with very clear pictures): http://www.taringa.net/posts/offtopic/4349623/Estafa-en-Cajeros-Automaticos.html http://www.taringa.net/posts/offtopic/4349623/Estafa-en-Caje... ATMs have been simply ripped out and hauled away by criminals. This happens a lot here, as mentioned. ATMs are open 24 hours a day and in deserted areas, creating opportunities for criminals to coerce victims into extracting cash. Prior to the ATM, it was not possible to kidnap someone at knifepoint and take them to a bank and 3 in the morning in a seedy part of town. This is scarily common (that is, it happens often enough not to make the headlines) in Argentina, and has happened several times in Uruguay. Example from January (in Spanish), it only makes for a footnote in the Crime News section: http://www.clarin.com/policiales/secuestran-Liniers-llevan-recorrer-cajeros_0_843515721.html http://www.clarin.com/policiales/secuestran-Liniers-llevan-r... As a general observation, new security measures introduced in banking usually tend to be designed to protect the banks from liability, rather than the safety of customers or their capital.

wting 14y ago

This happened at a Walgreen's nearby here in Austin. There is an ATM just inside the doors and the storefront didn't have concrete poles out front. One early morning a pickup truck just reversed into the store, chained up the ATM and dragged it away. There are concrete barriers up now.