" ITREALMS: Ugly trends of ATM bombing

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Wednesday, July 25, 2007

Ugly trends of ATM bombing

Market Intelligence:

Recent reports revealed that some Automated Teller Machines (ATMs), were bombed by robbers to ease their operations of carting away physical cash at the location.

An ATM allows a bank customer to conduct banking transactions from almost every other ATM machine in the world and is better known as unattended electronic machine in a public place, connected to a data system and related equipment for dispensing of cash.

Specifically, few weeks ago in South Africa, two ATMs were bombed but in all cases no money was stolen, the South African Police Service (SAPS) reported.

According to Captain William McErwa of SAPS, three armed men recently bombed a Standard Bank ATM at the Daxina Shopping Complex in Lenasia.

He also said that the robbers fled before the ATM exploded, and police found money scattered around the ATM.

Equally, First National Bank ATM was bombed at about 03:00 on Friday in Sebokeng, Zone 7 on June 8.

“The money was not taken but the ATM was badly damaged,” Mr. McErwa added that the Police believed the two incidents were linked.

He pointed out that in both cases commercial mining explosives were used.

This is coming as SAPS’ Gauteng police spokesperson Sanku Tsunke informed that an ATM robber’s arms were surgically amputated after explosives detonated while he was trying to remove cash from the machine.

However, the impact of this kind of robbery is the realty of the danger associated therein, especially when most of the ATMs in the country are attached to bank building.

The aforementioned situation could be averted when our security agencies begin to wear their thinking caps appropriately.

Also, financial institutions deploying ATMs in the country should be cognisance of this fact and dangers thereof, hence begin now to think about overcoming this ATM bombing incidents before this ugly trend hits the nation.

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