ATMs easy target for hackers, say experts
Posted on: 05/Dec/2016 1:06:50 PM
After the demonetization of old 500 and 1000 rupee notes, there were huge crowds in the ATMs. Serpentine queues continue to grow outside ATMs across the country following the demonetization move. At this juncture Intel Security has warned that ATMs in India are susceptible to security breaches.
Intel Security which is s the world`s largest dedicated security Technology Company has mentioned that a breach can happen at multiple levels like at an ATM, data centre, and network or through mobile banking.
Anand Ramamoorthy, Managing Director, Intel Security has mentioned that the ATM today is an easy target for hackers to hit a network,
ATMs are hacked in many countries throughout the world. A hacker group called Cobalt targeted ATMs across Europe last month and remotely attacked the machines. The hacked ATM machines automatically dispensed huge amounts of cash. Similarly there was heavy breach in India banks using ATM cards.
Hence banks in India will have to make efforts to ensure that ATMs are protected with multiple levels of authentication and industry-standard encryption, ensuring data security at all points of a transaction.
