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Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Safeguarding of ATM

Safeguarding of ATM
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Author(s): Srividhya Srinivasan (University of Madras, India), Priya Krishnamoorthy (SASTRA University, India) and Raghuraman Koteeswaran (SASTRA University, India)
Copyright: 2018
Pages: 10
Source title: Encyclopedia of Information Science and Technology, Fourth Edition
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
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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