20-09-2017, 12:10 PM
ATMs were first introduced in 1939. Today, around 3 million units are installed worldwide. As the number of ATM units increases, machines are prone to hacker attacks, fraud, theft, and security breaches. In the past, the main purpose of ATMs was to deliver cash in the form of bank notes and to debit a corresponding bank account. However, ATMs are becoming more complicated, and serve many functions, making it a high priority target for thieves and hackers.
Modern ATMs are implemented with high security protection measures. They work under complex systems and networks to make transactions. Data processed by ATMs is often encrypted, but hackers can use discrete hacking devices to hack accounts and withdraw the account balance. Alternatively, unskilled thieves threaten bank patrons with a weapon to steal their money or account withdrawn.
ATM vandals can physically manipulate the ATM to obtain cash, or employ methods of removing credit cards to acquire control of the user's credit card account. Credit card fraud can be done by inserting discreet skimming devices over the keyboard or credit card reader. The alternative form of credit card fraud is to identify the PIN directly with devices such as hidden cameras near the keyboard.
Modern ATMs are implemented with high security protection measures. They work under complex systems and networks to make transactions. Data processed by ATMs is often encrypted, but hackers can use discrete hacking devices to hack accounts and withdraw the account balance. Alternatively, unskilled thieves threaten bank patrons with a weapon to steal their money or account withdrawn.
ATM vandals can physically manipulate the ATM to obtain cash, or employ methods of removing credit cards to acquire control of the user's credit card account. Credit card fraud can be done by inserting discreet skimming devices over the keyboard or credit card reader. The alternative form of credit card fraud is to identify the PIN directly with devices such as hidden cameras near the keyboard.