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| 3VR’s CrimeDex is an online network database of economic crime information |
3VR, the leading video intelligence company, recently 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 for counterfeit 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.
