Although physical bank breaches and critical financial data theft still make huge headlines in the news, ATM theft is still a financial problem that flies under the radar. Unfortunately, many institutions forget how vulnerable their ATM equipment is, and end up losing thousands a year in damages and physical losses to thieves who can see through the loopholes in the system.
The Security Center, Inc. has been a lasting partner with financial institutions across Texas for decades. We were around when ATMs were a new banking amenity, and we’re now around to help protect employees and customers from wrongdoers eager to make some fast and illegal cash.
What Problems Do ATMs Face?
In general, ATMs are one of the most vulnerable parts of a financial institution. They are usually physically separate from the main financial institution and out in the open where anyone can access them at any times.
While most people who use an ATM are there for withdrawals, the broad exposure of these machines leaves them open to theft and damages that include:
- Prying open the machines
- Crashing a vehicle into an ATM
- Pulling the ATM offsite with a vehicle