Diebold Stops ATM Fraudsters In Their Tracks With World's Most Secure Anti-Skimming Card Reader
Kelly PieroMedia Relations
Jamie FinefrockInvestor Relations
Phone: +1 330.490.6319
29 July 2014
ActivEdge approaches skimming from a different angle, literally, by requiring users to insert cards into the reader via the long edge, instead of the traditional short edge. By shifting a card's angle 90 degrees, ActivEdge prevents all modern skimming devices from reading the card's full magnetic stripe, eliminating the devices' ability to steal card data.
"Card fraud at the ATM is a serious and prevalent crime that leads to significant losses. ActivEdge will be a game changer in our industry's fight to protect consumer data," said
Diebold's usability research confirms that consumers support financial institutions' use of ActivEdge. Of consumers who participated in Diebold's study, 95 percent preferred ActivEdge over current readers for its enhanced security and did not mind changing their card insertion behaviors for more secure transactions. Consumers inserted their cards correctly on the first attempt, or were able to quickly determine the proper way to insert the card.
Diebold's patent pending ActivEdge card reader addresses a comprehensive set of concerns related to skimming, trapping and fishing attacks. ActivEdge prevents known skimming-related fraud by mitigating criminals' four primary attack vectors: external skimming, internal skimming, USB sniffing and device substitution. ActivEdge's encrypted technology inhibits criminal modifications to the card reader. Its encrypted communication to the ATM's central processing unit eliminates the ability to fraudulently capture and track data. In addition, each reader is paired with a specific ATM, precluding the installation of fraudulent readers.
To counteract card trapping and fishing attacks, ActivEdge features automatic gate-locking functionality, which prevents fraudsters from freeing trapped cards. Such attacks have surged, with European ATM Security Team (EAST) reporting that card trapping incidents in
ActivEdge is EMV compliant and is available as an option on most new Diebold ATMs. It can also be retrofitted to a variety of existing Diebold ATMs.
"ActivEdge subtly alters the ATM card user experience, while greatly shifting the balance of power in the fight against ATM crime," said