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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: 2019
Pages: 12
Source title: Advanced Methodologies and Technologies in Business Operations and Management
Source Author(s)/Editor(s): Mehdi Khosrow-Pour, D.B.A. (Information Resources Management Association, USA)
DOI: 10.4018/978-1-5225-7362-3.ch007

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Abstract

An automated teller machine (ATM) is a kiosk that is used widely for money transactions across the globe. Several banking sectors have showed interest in deploying ATMs. The cash dispenser system manages the transaction services with less manual effort. When it comes to deploying an ATM, two methods are practiced: onsite ATM and offsite ATM. Safeguarding cash kept inside the ATM is a challenge. Researchers suggested several built-in security measures to secure the money in ATMs. Nevertheless, burglars still loot the money. Some widely used looting methods include card skimming, cash trapping, and phishing. So, it is time to give intelligence to the ATM itself to react to the situation. Proposed is a system that implements the idea of making machines to identify the situation and perform actions accordingly. This mechanism is not only about giving intelligence to it, but also a cost-effective one.

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