Bolstering ATM security is essential to prevent increasing threats from the multiplying channels of attack.
FREMONT, CA: The functionality of ATMs has remained unchanged, but the technologies behind the machines have undergone repeated advancements. Due to these advancements, ATM security has also been evolving. Earlier, the security concerns around ATMs mostly involved robberies by breaking in or by using skimming of card details to withdraw cash. Today, thieves can either target the hardware or the software to get access to money present in the ATMs. For adequate protection of ATMs, operators need to adopt an approach that prioritizes physical security, as well as cybersecurity. The following list contains some ways in which ATM security can be optimized in the current scenario.
Physical Fraud Detection Systems
ATMs should be equipped with detection systems that comprehensively cover all vulnerable areas. A physical security system that is intelligent and automated can be a boon for ATMs. By the use of sensor-enabled imaging and image-processing capabilities, automated response mechanisms can be implemented. These will take action in real-time to prevent a robbery and inform operators simultaneously. Advanced sensors could also be placed strategically to detect card readers. Besides, periodic manual inspections are also valuable.
Safeguards Against Cybersecurity
ATMs leverage network connectivity, and this opens up potential channels for fraud. Cybercriminals can try to get access to an ATM by hacking it. To prevent such frauds from occurring, ATM operators should deploy predictive systems that can detect breaches accurately. Once potential threats are discovered, there must be automated controls to take the ATM offline and lock it down.
Robust Encryptions
ATMs process pins and passwords from users to validate cash withdrawals. Sensitive information from cards can be intercepted through fraud. To prevent information from flowing into the wrong hands, software applications should contain robust encryption tools. Once data is encrypted, information can no longer be stolen.
Biometrics, when used for identity verification, is very effective in improving security. With these security measures, ATMs can be considered protected to a great extent.
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