RAD equips its robotic security solutions with the capability to detect hook-and-chain ATM attacks. A hook-and-chain attack involves attaching one end of a chain or cable to an ATM and using a vehicle to exert force on the machine, usually by pulling the chain with the vehicle, with the objective of forcefully opening the ATM’s safe doors, allowing thieves to access the cash inside. Hook-and-chain attacks were the leading ATM crime, in which thieves steal the cash from an ATM machine and cause extensive property damage, sometimes with loss and damages approaching $500,000 per incident. ATM attacks result not only in direct financial losses from stolen cash and property damage, but also in significant reputational and financial impacts for banking institutions.
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