ATM Security

ATMs provide convenience for bank customers, but they have vulnerabilities

Most customers interface with their financial institutions using automated teller machines (ATMs), which have security issues. However, there are solutions available to combat all current security threats, and the cost of protection is coming down. The ATM industry is therefore in a position to minimise losses, while ensuring consumers continue to get the vital cash they need to lead their daily lives. It is important for the ATM industry to constantly innovate to meet new security challenges. S...

Cyber-threats can impact brand perception and customer trust at banks

We live in an age when private customer data is constantly under attack from hackers. Cyber-threats have taken a front seat in the line-up of primary risks facing banks and financial institutions. The fact that cyber-attacks are becoming more prevalent isn't the only issue; they're also becoming more complex and therefore harder to address. And although the convenient interconnectivity of the Internet of Things (IoT) creates many advantages for financial institutions, there is also an increased...

NEC to exhibit digital finance solutions at inaugural SFF x Switch event in Singapore

NEC Corporation and NEC Asia Pacific have announced their participation at the inaugural SFF x Switch event at the Singapore EXPO Convention & Exhibition Centre from 11th to 15th November 2019. SFF x Switch During the three-day exhibition and conference of SFF x Switch (11-13 November), NEC will exhibit a suite of digital solutions aimed at empowering financial service providers with the technology to create innovative digital services for their customers. Key solutions to be exhibit...

Sargent and Greenleaf conducts vulnerability test to enhance ATM security and prevent side-channel attacks

In the wake of recent allegations that ATM locks worldwide are vulnerable to new side-channel attacks, Sargent and Greenleaf (S&G), a manufacturer of high-quality electronic ATM locks, recently conducted vulnerability testing to provide insight and identify ways ATM owners and operators can protect their machines against side-channel attacks. Side-channel attacks, which can exploit internal components of electronic locks, first emerged in 2015 and continue to plague electronic lock users to...

viisights’ next generation of video analytics offer ‘behavioural understanding’

A video analytics system that provides ‘behavioural understanding’ can yield more meaningful and actionable data for a range of applications. In public safety and security, such a system can alert on violent or suspicious behaviours, such as people fighting, vandalism, people with weapons, etc. In advanced traffic surveillance and monitoring, it can provide alerts to vehicle collisions (accidents), traffic hazards or vehicle that aren’t using the road properly, such as a car...

Hikvision’s DeepinMind NVR uses Deep Learning technology to secure ATMs from thieves

ATMs have become a cornerstone of day-to-day life for millions, but they can also be vulnerable to attack. The global ATM Industry Association reported an increase of ATM crime of 12% for 2017. And attacks, of course, often involve ATM users, potentially injuring them and causing trauma. But since, by definition, ATMs are often situated outside buildings and used at all times of the day and night, securing them is a challenge - and banks are turning to more intelligent solutions. According to A...