|[December 20, 2012]
3VR and ATM Skimming Experts Offers Winning Strategies to Reduce Financial Fraud
SAN FRANCISCO --(Business Wire)--
3VR, the leading video intelligence company, today released an on-demand
webinar with innovative fraud-fighting tips and best practices. The
speakers included Mark Solomon, detective for the Greenwich Connecticut
Police Department, and Jim
"Gator" Hudson, VP of 3VR's CrimeDex Services. In this previously
recorded presentation, experts discussed how intelligent
video surveillance platforms such as 3VR and its proprietary
CrimeDex solution can be an effective tool for banks to find skimmers
quickly, particularly if the platform is integrated with a financial
fraud detection system.
Solomon, assigned to the department's Criminal Investigation Division,
has in-depth knowledge on this subject and has provided numerous
lectures on ATM skimming and identity theft crimes to law enforcement
and the private sector. "In my 18 years in law enforcement, I've
investigated my fair share of ATM skimming incidents," said Solomon.
"ATM fraud is one of the banking industry's fastest growing crimes, with
high-tech criminals using increasingly sophisticated methods to skim
customers' credit card data and PIN numbers at teller machines in order
to access and remove funds from victims' accounts. 3VR's CrimeDex can
play an important role in all fraud detection, not just ATM skimming."
3VR's CrimeDex is an online network database of economic crime
information that includes shoplifting, organized retail crime, and other
white-collar crimes. It is integrated with 3VR's video management
software (VMS) and allows law enforcement, fraud and loss prevention
professionals to share, search and leverage information on security and
financial criminals. Using CrimeDex, members can solve cases faster with
access to information on over 15,000 crimes and suspects nationwide.
Brainstorm Effective Strategies for Tackling ATM Fraud
Cybercrime and ATM skimming pose a significant threat to businesses and
financial institutions in the United States and around the globe. World
over, law enforcement is seeing higher instances of this organized
crime, a man in Europe was recently convicted of skimming 9,000 ATM pins
that would have allowed him to steal more than $4.8 million from his
victims. Law enforcement is working to put effective strategies in place
to combat it and prevent billions of dollars of losses.
ATM skimming, a type of fraud where criminals install card readers at
ATMs to save a customer's card number and pin code forcounterfeit
purposes, is a prevalent global crime.
The modus operandi is becoming more sophisticated with technological
advancements, for example, Bluetooth-enabled wireless skimmers are
becoming readily available and are now being widely used by criminals.
"Criminals work full time to find new ways to steal information, forcing
security and law enforcement professionals to think outside the box in
order to come up with strong and preventive security measures," said
Hudson. "CrimeDex, allows information sharing with banks, law
enforcement teams and retail stores through a searchable database of
known and suspected criminals."
3VR's CrimeDex is designed to provide information on wanted criminals to
groups large or small, link criminals to more than one open case using
powerful search and watchlist capabilities, collaborate more effectively
between the private and public sectors, and share video and images with
other CrimeDex members to maximize the utility of their 3VR appliance.
3VR's Long History of Financial Services Fraud Prevention
3VR's VMS has a long history in financial services fraud prevention. It
allows leading financial services organizations around the world to
solve crimes faster using fewer resources than is possible with
traditional DVRs, a key advantage of 3VR's patented search technology.
Customers are better protected against fraud, check kiting, and card
skimming using 3VR's real-time monitoring, alerting, and investigative
capabilities. The company also works closely with their customers to
drive business growth by improving customer service and branch
operations with 3VR's video analytics.
To Learn More on How to Use Video Intelligence to Combat ATM Skimming:
To learn more about how to use video intelligence to combat ATM
skimming, email firstname.lastname@example.org
to request a recording of the presentation.
Detective, Greenwich Connecticut Police
Detective Mark Solomon is an 18-year veteran of the Greenwich
Connecticut Police Department. For the past 11 years, he has been
assigned to the department's Criminal Investigation Division. Det.
Solomon has provided numerous ATM skimming and identity theft lectures
to law enforcement and the private sector, including lectures for the
International Association of Financial Crimes Investigators and the
American Bankers Association.
Jim "Gator" Hudson
VP of 3VR's CrimeDex Services
Nicknamed "Gator" by his first police chief, Jim is a decorated 23-year
law enforcement veteran and nationally recognized white-collar crime
expert. Seeking to improve the collaboration between law enforcement,
financial and retail sectors, Jim Hudson co-founded the Amcrin
Corporation in 2000 to create the CrimeDex network. Jim is a member of
numerous crime and fraud investigation associations.
3VR, the leading video intelligence company, enables organizations to
search, mine and leverage video to bolster security, identify and
mitigate fraud and better serves customers. 3VR's Video
Management Software, Network
Video Recorders, and Video
Analytics allow video surveillance systems to reach their true
potential and deliver a measurable and sustainable return on investment.
3VR is the video surveillance standard for hundreds of global customers,
including leading banks, retailers, governments and law enforcement
agencies and owns CrimeDex,
an online community of thousands of fraud, loss prevention and law
enforcement professionals dedicated to stopping crime.
Based in San Francisco, CA, the company is privately held with funding
from DAG Ventures, Focus Ventures, In-Q-Tel (News - Alert), Kleiner
Perkins Caufield & Byers, Menlo Ventures and VantagePoint
Ventures. 3VR is one of the fastest growing U.S.-based private
companies, according to Inc. magazine. In addition, the company
has won numerous other accolades, including a Security
Products magazine product of the year award and Top
30 Technology Innovations award from Security Sales & Integration
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