"There is no such thing as perfect security, only varying levels of insecurity." Banks are realizing that fraud is becoming increasingly pervasive and complex. But legacy fraud management systems have not kept up with the growing sophistication of fraud across channels.
Fraudsters will never stop working hard to come up with new ways to beat security systems with banks, ATMs, and other financial enterprises. This is why banks need to be proactive. Reacting to what thieves are already doing is important, but thinking creatively to stop future fraud issues before they start is even more critical.
As the ATM Indusrty migrates to EMV, new methods of attack will become prevalent. Through this presentation we will see different types of attack methods, Security upgrades, fraud prevention technologies and recommendations in order to secure your ATM network and prevent fraud from happening. there are different dangerous zones on ATM as well as different type of attacks.
Some of the attacks are Skimming method - Skimming devices illegally record account data from the mag stripe of a credit or debit card. The device includes a card reader and a hidden camera that captures cardholder PINs. Physical Attacks like smash-and-grab raid, criminals break into a retail store and steal the ATM. Alternatively, they may steal cash by physically attacking the ATM’s safe. Also some other methods that we will mention are Stealing Pin Code, Cash trapping, Gas attacks, Malware, Backdoor ATM, Cyber Attacks and others. ATM Industry is trying to prevent these attacks through different type of Security upgrades and compliances. First level of protection is EMV Migration, then PCI DSS and Windows 7 OS. Beside this there are different types of fraud prevention technologies from ATM Vendors. One of the three largest ATM Vendor’s in the world, Wincor Nixdorf, provide special fraud prevention platform with following features: Access protection, Intrusion protection, Hard disk encryption, Optical Security Guard, ProView video surveillance, Fraud prevention and other security features. Also through this presentation we will mention different recommendations for physical and logical ATM security. With Bank’s effort and Vendor solutions we can expect great improvement, customer satisfaction and overall better resuts within this area of security.