NZ banks jittery about ATM skimming

A bank spokesman suggests interest in anti-fraud devices for ATMs might create a shortage and lead to delays in delivery.

New Zealand banks are showing renewed interest in anti-skimming devices for ATMs, in the wake of recent scams said to have netted nearly N$100,000 (US$63,400).

ASB Bank has plans to put devices into its terminals that will "jitter" cards slightly back and forth as they are inserted, making it difficult for a skimming device to read them, said ASB spokesman Clayton Wakefield. ASB expects to have all its machines equipped within six months, Wakefield said. But "the whole industry is upgrading because of the increased perception of threat and the supply-chain may become constricted," resulting in delay.

A spokesman for terminal manufacturer NCR told Computerworld last year about the "jitter" device. The device was discussed with New Zealand banks at the time, but no orders had been placed, he said then.

Mark Watts, of Westpac Banking, said the bank has been looking at such devices "very closely" for some time. "Discussions were under way before the latest spate of attacks," but would now be accelerated.

More about: ASB Bank, NCR, Wakefield, Westpac, Westpac

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the Computerworld comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Whitepapers
Latest Stories
Community Comments
Whitepapers
All whitepapers
Sign up now to get free exclusive access to reports, research and invitation only events.
Featured Download
/downloads/product/235/softperfect-network-protocol-analyzer/

SoftPerfect Network Protocol Analyzer

Publisher's notes: SoftPerfect Network Protocol Analyzer is an advanced, professional tool for analyzing, debugging, maintaining and monitoring local networks and Internet connections. It captures the ...

Computerworld newsletter

Join the most dedicated community for IT managers, leaders and professionals in Australia