ATM Security - Expert commentary
The average business owner or investor has some kind of security precaution in place, especially in the after-hours when there are fewer deterrents to inhibit criminal activity. Security guards, video surveillance systems, motion sensor lights, or even just fake cameras placed around the property are some of the common options people choose. Future of overnight security Smart business owners are starting to realize, however, that some of these traditional security measures are becoming...
It’s no secret that the data security sector is constantly changing. It has an annual CGR of about 12.3%. Future trends in data security Much of this has to do with the rise of cybercrime in recent years, with reports showing that cyberattacks happen as often as every 39 seconds. To combat the growing rate of cybercrime, data security has been on the rise. As we journey further into this era, it becomes evident that a spectrum of significant trends is molding the future of data se...
Timely and important issues in the security marketplace dominated our list of most-clicked-upon articles in 2018. Looking back at the top articles of the year provides a decent summary of how our industry evolved this year, and even offers clues to where we’re headed in 2019. In the world of digital publishing, it’s easy to know what content resonates with the security market: Our readers tell us with their actions; i.e., where they click. Let’s look back at the Top 10 article...
Over the past few years, biometrics has rapidly expanded into consumer applications, like the financial market for customer authentication, to payment services and withdrawing cash from ATMs in high-fraud markets. However, its adoption as an additional authentication factor for physical access control systems (PACS) and other enterprise applications, hasn’t been as rapid. But this is changing. Biometrics offers numerous benefits at the door and throughout the enterprise. With the advent o...
Organizations across the world face a new risk paradigm: one that encompasses cyber and physical threats. We’ve heard the stories associated with ATM skimming, identity theft, data breaches, scams, and phishing. Large financial services organizations are often the victim of hackers looking to steal corporate information and transactional data or funds, and criminals continue to become more sophisticated in their approach. Growth In Cyber-Attacks Additionally, cyber-threats have taken a...
The global market for security as a service is set to grow from $921 million in 2016 to $1.49 billion by 2020 The global security as a service market is made up of video surveillance as a service (VSaaS) and access control as a service (ACaaS). With video surveillance as a service, the user pays on a yearly, quarterly or monthly basis for the ability to view live or recorded surveillance data. Using access control as a service, the customer pays a subscription to have a server...
It is more complicated to search through video compared to text-based data Since the launch of Google’s search engine in 1998, Internet search has grown and expanded from desktops to mobile devices, generating over 3.5 billion searches of text, images and videos per day. One likely reason for this popularity is the search engine’s ability to immediately produce relevant results based on search criteria. The security industry, in contrast, has not always taken adv...
Temperature, dusty and dirty conditions, along with limited access to networkingmakes remote location video surveillance extremely challenging Properly conducting video surveillance for any organization comes with several challenges. Not the least of which is how to architect a system that finds the right balance between quality, cost and bandwidth impact. This becomes even more challenging in non-traditional, demanding environments that are uncontrolled or highly dispersed, w...
According to Merit LILIN, the UAE will be a thriving new and potential market in 2016since Europe’s economy is still sluggish The global Chinese community recently welcomed the year of the Fire Monkey with a two-week celebration, concluding with the lantern festival at the end of February. According to Chinese astrology, we are now in the year of the Fire Monkey. What’s in store for businesses around the world? Global economic growth is predicted for the ye...
Important biometric capabilities include multispectral imaging, superior liveness detection, and tamper resistance Technology developments are enabling a range of new functionality for biometrics in the security market. Early biometrics solutions had poor performance (high failures during enrollment or acquisition that meant significant percentages of users could not use biometrics), says Phil Scarfo, VP worldwide marketing, biometrics, HID Global. Early solutions were not abl...
Biometric solutions are replacing PINs at physical ATMs and providing a more fool-proof form of identification for banking security Biometrics is seeing especially rapid adoption rates throughout the worldwide banking infrastructure, particularly at the ATM and teller counter, says Phil Scarfo, VP worldwide marketing, biometrics, HID Global. “There are also opportunities for biometrics to improve security by enabling transaction-based authentication for online and mobi...
Stratus Technologies is a provider of “always-on” technology, which helps to ensurethe running of mission-critical access control and video surveillance applications Building security – especially high-security installations – requires technology that is reliable and minimizes downtime. In some physical security installations, access control and video surveillance solutions are required to function uninterruptedly to ensure business continuity and maint...
Speaking at ATM Security 2015 in London, Pat Telford, principal consultant at Microsoft Canada, summarized the software threats to ATMs and the features to combat them when migrating to Windows 10. ATM security is compromized by physical attacks on the cash, physical attacks on the card, replacement of the ATM computer (black box), and malware attack (where normally a person visits the ATM and adds malware). According To Telford, There Are Certain Immutable Laws Of ATM Sec...
Recycling ATMs, which can reuse deposited cash to supply withdrawals, are another way in which ATM-associated crime can be reduced With some 3 million automated teller machines (ATMs) around the world, they are bound to be seen as attractive targets by some criminals. Banks need to ensure customers do not fall prey to skimming and other malicious attacks from criminals, by having an effective ATM security in place. The advent of contactless technology has eliminated the need...
Problems caused by physical systems in terms of cyber-attack are quite extensive, damaging systems and assets Security experts of various disciplines agree that physical systems are increasingly being leveraged in attacks on organizational networks and supply chains. Many manufacturers maintain that security (including that of security systems) is the responsibility of the end user, which would be fine if they were only expected to maintain security and not create th...
A retail banking tipping point is fast approaching with the state-side adoption of EMV technology Banking faces a challenge: to reconcile major security concerns with improving technology in order to reflect modern, mobile technology and the self-service solutions that customers have come to expect from their non-banking retail experiences. This is probably the number one issue I discuss with my bank clients. Banks need to make the technology in their branches more automated,...
When it comes to the application of sophisticated security techniques in the banking environment - to keep assets, staff and customers safe and secure - financial institutions are looking carefully at how they can seamlessly integrate advances, such as High Definition CCTV and the monitoring of their cash machines, into their existing infrastructure. Pauline Norstrom, Director of Worldwide Marketing at Dedicated Micros, discusses the challenges. A key issue for banks is to ensure that the...
