Fico Interactive Map Highlights ATM Fraud Hotspots in US
Analytics and decision management technology firm Fico has released its interactive map showing which states were hit the hardest by ATM fraud across the US in 2012.
The data shows that 20 US states recorded an increase in credit card fraud, nearly half of all card skimming reported by the firm’s card alert service occurred at bank ATMs, while 36% took place at retail Point-of-Sale (PoS) terminals and 18% occurred at white-label ATMs – machines not operated by banks. These results were significantly different from the data observed in 2011, when 79% of skimming incidents occurred at PoS terminals
“The prevailing fraud scheme has been ATM skimming because that only requires a personal identification number (PIN), not a signature – a finding that is clearly reflected in the map,” said John Buzzard, manager of Fico card alert service. “Skimming at bank-owned ATMs and white label/off-premise ATMs increased in 2012, and California, Florida and the Northeast were hit particularly hard.”
In its data concerning credit card fraud, Fico Labs found increases in 20 states, including seven states on the East Coast: Maine, Massachusetts, New York, North Carolina, Pennsylvania, Vermont and Virginia. The state with the largest increase in credit card fraud was South Dakota, where the rate jumped nearly 26%.