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The Australian Bankers’ Association released a fact sheet that said "information circulating in an e-mail about the use of a ‘reverse PIN’ at an ATM is false." It’s also important to beware of an urban myth that is currently circulating on the Internet that recommends entering your PIN backwards if you are being robbed at an ABM to alert police. And consumers who would attempt to use such measures could be at risk for being harmed by a nervous criminal."ĪTM robberies and myths about emergency-PIN technologies are not unique to the United States. If youre coerced into giving your PIN, then typically you will get your money back from your financial institution. "We do not believe it will deter any criminals. "We oppose all such measures as being ineffective and potentially dangerous for the consumer," Tente wrote. This statistic includes other types of crime besides robbery.ĭavid Tente, executive director of the ATM Industry Association, wrote in a March 21 email to PolitiFact that the idea that reverse-PIN technology is in use is "a myth." According to surveys conducted by the Bank Administration Institute and the American Bankers Association, there is one ATM crime for every 3.5 million transactions. For instance, people may struggle to recall their PIN variation and enter it without drawing suspicion.Īlso, installing emergency-PIN technology could cost millions of dollars, while ATM robberies are a rare crime. The FTC report also described several problems with systems like SafetyPIN.