The National Identity Crime Symposium in Brisbane has been warned that Australia could be a main target for international ATM skimming gangs, because of the use of outdated technology.

It is worth mentioning that every year, due to card skimming, tens of millions of dollars are lost in Australia.

Detective Superintendent Colin Dyson, Commander of the NSW fraud squad, said that the hackers have given an indication that they will target the ATMs in Australia, because the technology is archaic and it is easier for them to take out money from these machines.

Dyson also said, “No ATM in Australia is currently chip-and-pin enabled. It should have been rolled out by now”.

Detective Superintendent Brian Hay of Queensland police said that the offenders are always looking for new ways to beat the current magnetic strip technology on bank cards.

The current technology is not as good as the chip-and-pin technology that is used in other nations. The police officers are demanding to cover ATM keypads.

The Australian Bankers’ Association (ABA) has assured that the banks will return any money that is lost in any card-skimming incident.

Ian Gilbert, ABA Acting Chief Executive said that if any customer will be a victim of such card-skimming fraud, then his/her money will be refunded.