UK experiencing an “epidemic” of criminal attacks on cash machines, report warns
The UK is experiencing an “epidemic” of criminal attacks on cash machines, a report warns.
The harm from attacks on cash machines over the past 12 months can have exceeded £150 million, in line with calculations from ATM operator Cardtronics.
Rural spaces are more and more in danger, its report discovered, leaving other people dwelling in far off spaces suffering to get entry to cash from in different places whilst machines are being repaired or changed.
While lower than a 3rd (31%) of ATM attacks have been performed in rural spaces in 2013, this quantity has risen to greater than two-fifths (42%) in 2018.
Over 40% of attacks within the first 1/2 of 2018 have been performed in spaces the place there was once a most of one financial institution department open for patrons, the report mentioned.
Cardtronics mentioned the frequency of ATM attacks normally has surged from 400 in 2014 to 722 in 2017.
The report additionally predicts that the quantity of attacks may just greater than triple between 2016 and 2025.
Cardtronics, which mentioned the UK is experiencing “an epidemic of criminal attacks on its ATMs”, mentioned criminals are more and more the use of unhealthy strategies, equivalent to explosions or ram-raids, to take away cash from machines.
The Victimless Crime? report mentioned it could actually take as much as four-and-a-half months for the ATM to reopen following an assault – impacting on the native economic system and depriving within reach citizens of their get entry to to cash for an important time frame.
The report concludes that on best of the direct value of the attacks, estimated to be £46.eight million, criminals may have put up to £110 million of direct neighborhood spend in danger up to now 12 months.
The direct value of attacks comprises harm performed to ATMs and assets, whilst the calculation for cash misplaced via direct neighborhood spend is primarily based on what quantity of money withdrawn from native ATMs has a tendency to be spent by way of customers within the instant surrounding space.
Tim Halford, managing director of Cardtronics UK and Ireland, mentioned the broader harm led to by way of ATM attacks is a ways more than the direct affect to cash machines or the development they’re positioned in.
He mentioned: “ATM attacks are not victimless crimes, which is why we need the Government, police forces, civil society organisations and the ATM industry to take action now to contain the threat of future ATM attacks.”
Cardtronics mentioned it needs to look a “zero tolerance” coverage on ATM crime, harsher jail sentences for criminals and enhanced surveillance apparatus to offer proof of cash gadget crime.
The report was once primarily based on trade figures and shopper analysis in addition to research from knowledge generation company CACI.