ATM crimes have increased significantly over the last few years. They are on the rise, especially because many are yet to upgrade their terminals to EMV. The debit cards still carry the magnetic stripes which can be easily duplicated.
The popular attacks include card shimming and card skimming. The other attacks can include anything that varies from grab raids to high-tech attacks. Recently, there have been more unusual attacks like jackpotting and explosive attacks. The threats to ATMs evolve but so should the security measures. Here is a rundown on the security options that you can consider-
Knowledge
Knowledgeable technicians have better chances of spotting any tampering with the ATMS including malicious hardware units. So, being familiar with the ATM terminals is one of the best practices to save cash and sensitive information.
Placement of the ATMs
The placement of the ATMs also plays an impact on its security. The best would be to obtain a criminal activity report first before considering potential ATM locations. This report can suggest what type of security best suits the location. When ATMs are installed in safe locations for customers, they are also more secure for ATM owners.
Physical barriers
To prevent smash and grab attacks, physical barriers can play a great role. Concrete pylons and bollards can be used as physical barricades around the ATM. For an extra layer of security, anchor kits allow you to bolt the ATM to the ground. The anchor kits can withstand high impacts.
Security
The top cabinet on the ATM is the most vulnerable point for an ATM attack. To prevent unauthorized entries, upgrading the locks and managing the key access is a good option.
Software update
ATMs are susceptible to a number of cyberattacks. To protect an ATM from unauthorized downloads and malicious software, software updates in a timely manner are necessary. For more precautionary measures, updating the passwords and monitoring the technicians or employees accessing the ATM should be done regularly.
Investing in security management software
Remote diagnosis and monitoring solutions allow the ATM owners to operate and manage the ATMs in real-time. There are security softwares available that scan any unusual transaction or service activity at the ATMs. Any suspicious activity that might occur is recorded and the alert is sent to the concerned department.
For an added layer of security, alarms should be installed at the ATM access points. These will notify the site staff when the terminal site is breached.
With a combination of technology and preventive strategies, the risk to ATM terminals can be greatly reduced.