Safeguarding of ATM

Safeguarding of ATM

Srividhya Srinivasan (University of Madras, India), Priya Krishnamoorthy (SASTRA University, India) and Raghuraman Koteeswaran (SASTRA University, India)
Copyright: © 2018 |Pages: 10
DOI: 10.4018/978-1-5225-2255-3.ch007
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Abstract

Automated Teller Machine (ATM) is a kiosk that is being used widely for money transaction across the globe. Several banking sectors have showed interest in deploying ATM. The cash dispenser system manages the transaction services with less manual effort. When it comes to deploy an ATM, two methods are being under practice: Onsite ATM and Offsite ATM. Safeguarding cash kept inside the ATM is a challengeable one. Researchers suggested several built-in security measures to secure the money in ATM. Nevertheless, the burglars handle new techniques to loot the money. Some widely used looting methods include Card Skimming, Cash Trapping and Phishing etc. One amongst is the physical attack to it by using explosives and tools to break a standalone ATM at highways. So, it is time, to give intelligence for the ATM itself to react to the situation. Proposed is a system that implements the idea of making machine to identify the situation and performs the action accordingly. This mechanism is not only about giving intelligence to it, but also a cost effective one.
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Background

An ATM is Kiosk machine which has been filled with cash of various denominations, where the person can withdraw money at any time, by using the plastic card. That plastic card has been given by the bank from where the person is having his/her account. That card has a magnetic stripe, a 16 digit card number, a Card Verification Value (CVV) and a 4 digit secret pin which helps the customer to withdraw the amount. Now-a-days, our Indian Government insists all the citizens must have an account in a bank and immediately a debit card has been given for it, thereby promoting cashless transactions. Hence it is mandatory to provide security features for an ATM (Diebold, Incorporated, 2012). Once a card has been issued, the banking sectors are insisted to place Automated Teller Machine (ATM) at various places throughout the country for the benefit of the people (BankBazaar.com). Many research works have been done in providing security for the kiosk machine. But, as per the Newton’s Third law For Every Action there is an equal and opposite reaction, the more security researchers found, the more techniques were being followed by the robbers to steal the money from the ATM (Diebold, Incorporated, 2012). Kiosks placed within business areas are considerably safer and are less prone to get robbed (McGoey, 2015). Robberies are done by targeting free standing ATMs in the high ways (McGoey, 2015). Several techniques are used by robbers to steal cash, some of them are card/currency fraud, logical ways and hard ways of attacks (Diebold, Incorporated, 2012; Wild.O, 2015).

Key Terms in this Chapter

Physical Attack: To launch a physical assault (against) with or without weapons.

ATM: Automated Teller Machine is a kiosk which has been filled with cash of various denominations, where a person can withdraw money at any time, by using a plastic card.

Sensors: A device which detects or measures a physical property and records indicates or otherwise responds to it.

GPS: The Global Positioning System is a space-based navigation system that provides location and time information in all weather conditions, anywhere on or near the Earth where there is an unobstructed line of sight to four or more GPS satellites.

National Cash Register: NCR is an American computer hardware, software and electronics company that makes self-service kiosks, point-of-sales terminals, ATMs, Check processing systems, barcode scanners, and business consumables.

CVV: “Card verification value” on the credit card or debit card is a 3 digit number on VISA, MasterCard and Discover branded credit and debit cards.

European ATM Security Team (EAST): A ‘non-profit’ organization whose members are committed to gathering information form and disseminating EAST outputs to, ATM deployers and networks within their countries/regions.

Intelligent Banknote Neutralization System (IBNS): IBNS is a prevention technology in which an ink is sprayed on the banknotes, if any malpractice of looting is sensed by the system.

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