ATM and POS Skimming Fraud

Duration: 90 Minutes
This training program will classify common forms of ATM skimming fraud, POS skimmers, and POS malware, and also identify appropriate mitigation strategies. The course will further analyze why EMV will not stop ATM fraud and POS skimming fraud.
ATM and POS Skimming
Instructor: Rayleen M. Pirnie
Product ID: 501454
Objectives of the Presentation
  • Classify common forms of skimming fraud
  • Identify appropriate mitigation strategies
  • Review valuable resources
  • Analyze the future of skimming fraud
Why Should you Attend
Skimming cases are in the media almost daily. Businesses large and small and banks across the nation are feeling the impacts. No organization is immune.

This webinar will evaluate common skimming methods employed by criminals and evaluate options for businesses and financial institutions to detect and minimize their exposure to fraud and loss. It will also analyze why EMV will have little impact to overall skimming and card fraud losses.

Attendees will be provided a valuable ATM Skimmer Defenses Guide that details physical and technological mitigation strategies, plus a Consumer Protection Guide to provide to your customers. Attendees will also receive an electronic resources list to further their research efforts.

Areas Covered
  • ATM skimmers
  • POS skimmers
  • POS malware
  • Common methods criminals use to target a particular DFI or business
  • ATM skimmer mitigation strategies
  • POS skimmer mitigation strategies
  • Defending against POS malware
  • Why EMV will not stop ATM fraud and POS skimming fraud
Who can Benefit
  • Payments professionals interested in better understanding common skimming methods and defenses
  • Financial institution staff who handle ATM operations, customer inquiries, deposit operations, and card investigations
  • Audit
  • Compliance personnel
  • Risk management teams
  • Fraud investigators
  • Branch staff
  • Businesses who operate POS terminals or have ATMs
Topic Background
ATM skimming fraud losses have surged since 2013. Debit card compromises at ATMs located on financial institution properties jumped 174% in 3 months last year, and successful attacks at nonbank properties soared by 317%, according to FICO. It's one of the financial industry's fastest-growing electronic frauds. True losses are unknown. Some sources put global skimming losses as high as $8 billion annually. The PCI Security Standards Council estimates each skimming case creates an average of $50,000 loss per incident.

Skimming card data isn't restricted to ATMs. According to Trend Micro, in the third quarter of 2015, small and medium-sized businesses accounted for 45 percent of known incidents involving POS malware. No business is immune and losses are staggering. The negative reputation for poor security, lawsuits and other losses continue to mount.
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How it works
Live Session - How it works
  • Login to onlinecompliancepanel with your registered username and password https://www.onlinecompliancepanel.com/login
  • The webinar joining link, username and password for joining the webinar will be updated on your OCP Account 24 hours prior to the webinar
  • Presentation handouts in Downloadable PDF format will be updated on your OCP Account 24 hours prior to the live session
  • Login to the audio conference on the scheduled date and time
  • Get answers to your queries through interactive Q&A sessions via chat at the end of the session
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account 24 hours after the completion of the session
  • Please let us know your thoughts and views at the end of the webinar, your valuable feedback will help us improve
Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Rayleen is the founder and owner of RP Payments Risk Consulting Services, LLC. based in Missouri. She is a nationally recognized payments risk and fraud expert who offers specialized consulting services, procedural and risk management reviews, and payments education. Rayleen's specialized skill is delving into the world beyond the payment rules; areas where organizations often find themselves in positions of liability or loss with little to no clear guidance. She is an Accredited ACH Professional (AAP) who has worked with all payment systems for nearly 20 years, and a Certified Enterprise Risk Professional (CERP). Rayleen also holds a Bachelor of Science in Criminal Justice Administration.

Her favorite pastimes include gardening with her grandson and reading. She is very active with children's advocacy services in the state of MO and has 4 rescued dogs.
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