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ATMIA Publishes Best Practices for Securing Deposit and Cash Recycling Machines
ATMIA today published international Best Practices for Securing Deposit and Cash Recycling Machines.
“The growing popularity and competitive importance of deposit-taking ATMs and recycling ATMs has prompted ATMIA to develop new security best practices to protect these machines from a variety of potential attack vectors,” Mike Lee, CEO of ATMIA, stated.
The best practices were compiled for ATMIA’s ATM Security Forum by top ATM security expert, Douglas Russell of DFR Risk Management, and then reviewed by the association’s advisory Security Council.
“ATMIA has been working towards an E2E lifecycle security approach to protecting ATMs since 2003 and this latest manual in our best practice library looks at protecting ATMs which can take cash deposits or which are fully cash recycling,” Lee added.
The manual outlines the risks faced by deposit machines, including fake machines, fraudulent and empty envelope deposits, fishing and removal of envelop deposits, cash-out trapping, counterfeit deposits and even more sophisticated kinds of attack, such as manipulation of the currency template, and then recommends commensurate risk mitigation measures.
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Mastercard with NCR Atleos and ITCARD are enabling cash to be securely withdrawn at contactless ATMs
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Paytently has launched Paytently Open Banking powered by Mastercard Open Finance streamlining payments end-to-end
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botim announced a partnership with the Commercial Bank of Ethiopia to deliver secure, convenient remittance solutions for Ethiopians in the UAE
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