Experts have warned about upticks in global card fraud as U.S. banking institutions gear up for rollout of EMV chip cards. Skimming at ATMs was reported by 20 European countries in the third quarter, with attacks increasing from the previous quarter in eight of them. Experts expect skimming schemes to increase worldwide over the next 18 to 24 months as the United States’ migration toward enhanced payments technology that complies with the Europay, MasterCard, Visa standard for chip cards ramps up, moving the world closer to the elimination of magnetic stripes.”]
Source: https://www.cuinfosecurity.com/blogs/atm-fraud-losses-will-surge-p-1585