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Enterprise Security Magazine | Monday, March 09, 2020
Banks can work their way towards ATM security and prevent the increasing risks from causing disruptions.
FREMONT, CA: ATMs have evolved with the technologies behind the machines undergoing repeated advancements. With these advancements, ATM security has also changed. Earlier, the security matters around ATMs were mostly associated with robberies and break-ins and skimming of card details to withdraw cash. Today, criminals can either target the hardware or the software to gain access to money stored in the ATMs. For sufficient protection of ATMs, banks and ATM operators need to embrace an approach that combines physical security with cybersecurity. The following list mentions some ways by which ATM safety can be bolstered.
• Guarding Against Physical Interruptions
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ATMs
should have glitch detection systems that cover all vulnerable areas. A physical security system that is smart and automated can be a blessing for ATMs. With sensor-enabled imaging and image-processing abilities, automated response mechanisms can be used. These will perform in real-time to block robbery attempts and inform operators. Advanced sensors could also be located strategically to detect card readers. Besides, periodic manual investigations are also valuable.
• Protection Against Cybersecurity
ATMs make use of network connectivity, and this allows fraud vulnerabilities to creep in. Cybercriminals can try to get entry into an ATM by hacking it. To check such frauds from happening, ATM operators should leverage predictive systems that can detect breaches accurately. Once potential threats are identified, there must be automated controls to take the ATM offline and lock it down.
• Security through Encryptions
ATMs use pins and passwords from users to authorize cash withdrawals. Sensitive information found in cards can be intercepted through fraud. To stop information from flowing into the wrong hands, software applications should include robust encryption tools. Once data is encrypted, it is difficult to steal information.
Apart from the ways mentioned above, biometrics can also be used for identity verification. Biometrics are effective in enhancing security. With these security measures in place, one can ensure the security of ATMs and bank customers to a great degree.
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