Attacks on ATMs in Europe was close to 20,000 in 2019, with the losses incurred during these attacks amounting to around 250 million Euros in 2019. Symbol combines with IoT devices to secure gas/petrol station pumps, vending machines, and ATMs.
Card skimming crimes are on the rise, with each skimmer accounting for up to $1million dollars worth of fraud, and according to the U.S. Secret Service, thefts from ATM skimmers now total more than $1 billion per year. Symbol’s cohesive IoT-tied solutions resolve card-skimming problems of gas/petrol stations and Automated Teller Machines (ATM) users around the globe.
As more devices become internet-connected, how will business networks interact with the enormous flow of data? Recording and providing identification for autonomous vehicles, geolocation, sensors, and device usage presents a huge challenge. IoDLT looks to provide an answer using Symbol.