What is Shimming?
Shimming is a technique that involves the theft of data stored on a credit card chip, it is a more sophisticated and worrying modality.
The operation of this cyber scam is simple in execution but complex in development. First, cyber criminals need to obtain a microchip and flash storage, essential technological materials to carry out the attack. Right away,
Criminals insert a device into the ATM capable of copying the card data of all users who make withdrawals or make inquiries on the devices. When successful, the inserted equipment copies and stores the information from the cards used at the ATM. This data will be used to make withdrawals and purchases, using the balance of the user who had their card defrauded.
How is EBRAX Combating Shimming?
Faced with this alarming scenario, EBRAX, a leading engineering company, developed a robust solution: the Anti Shimming Module. This security system is specifically designed to monitor the inside of the ATM card reader.
Features of the EBRAX Anti Shimming Module:
- Efficient Monitoring: The module continuously monitors the inside of the card reader, detecting any anomaly in the equipment.
- Advanced Sensors: Strategically positioned, the sensors ensure that fraud, such as shimming, cannot circumvent the system.
- Additional Protection: Provides an extra layer of security, protecting against shimming and deep-insertion skimming fraud.
Benefits for Financial Institutions and Users
- Enhanced Security: Significantly reduces the risk of ATM fraud.
- Peace of mind for Users: Customers can use ATMs with more confidence, knowing they are protected against these types of attacks.
- Investment in Technology: Demonstrates the financial institution’s commitment to security and technological innovation.
Conclusion
Shimming is a worrying reality in the financial world, but with the right technology, like the EBRAX Anti Shimming Module, it is possible to effectively combat this threat. Investing in innovative security solutions is essential to ensure the integrity of financial data and users’ confidence in their banking services. EBRAX is proud to be at the forefront of this fight, offering cutting-edge products to ensure everyone’s safety.