Murphy’s Law in ATM security
“Murphy’s Law” states that "Anything that can go wrong, will go wrong”. The principles that excellently describe the situation we have today with ATMs were introduced back in the late 70’s. The initial design of the machine (and also later designs) took it for granted that all ATM users are honest and follow rules set by banks and payment organizations. ATMs vendors and owners (banks) have assumed that ATM devices are immune against criminals and fraudster’s attacks. In contrary; what we have learned the hard way is that they are not. On the contrary– during the last 10 years it...
Lluvia de billetes en Guanajuato.
En México, todos los cajeros automáticos son hackeables físicamente, dijo Juan Carlos Carrillo, socio de IBM México, durante el seminario de ciberseguridad financiera de la firma NYCE. En México, hay alrededor de 151,000 cajeros automáticos, según datos a diciembre de 2018. El experto indica que los bancos deben realizar pruebas de su infraestructura, incluidos los cajeros automáticos, para detectar si tanto el hardware como el software son seguros. El experto ha señalado que los grandes errores se están cometiendo en las organizaciones financieras, con la idea de que todos dentro de la red son confiables. Las organizaciones financieras locales carecen...
Is the California Consumer Privacy Act a step toward a US version of GDPR? (1)
James Francis Trocme recently has posted on LinkedIn the short article We would like to cite it in full: Consumer expectations and demands about data privacy and security are rising and spreading. California is the new battleground in the US for what may evolve into a wave of GDPR-like state and eventually federal regulation or legislation. The California Consumer Privacy Act will grant people in the state new rights to control information businesses gather about users and subscribers and monetize. Therefore understanding GDPR and now CCPA, if you have not already looked into it, is probably a good way to...
Social engineering … What can we expect from fraudsters?
I have taken the name of the blog from the article, recently published by PLUSWorld.ru (1). As I have already mentioned in my previous blog (2), Financial Industry must think about what the next step will be done by criminals, looking for “free money”? I found the opinion expressed in the article about what we can expect soon in regard to “social engineering” from fraudsters very important. There are more and more cases of compromising the whole banking systems, using “social engineering” technology! The phishing letter is one of the best examples. As we can find from many articles, very...
All ATMs in Mexico are hackable: IBM (*)
In Mexico, all ATMs are physically hackable, says Juan Carlos Carrillo (*), the partner in IBM Mexico, during the Seminar of Financial Cybersecurity of the NYCE firm. In the country, there are around 151,000 ATMs, according to data as of December 2018. (…) the expert indicates that the bank must make tests of its infrastructure, including ATMs, in order to detect if both the hardware and the software are safe.(*) The expert has pointed out the big mistakes financial organizations are making, is the assumption everyone within the organization network is trustworthy. Local financial organizations lack sufficient security controls in...
The “Onion Principle” in ATM Security | updated
The security of ATMs becoming more and more complex and as a result, require a more complex approach. It must be systematic, “coordinated” and multi-layered. ATM security depends on all sides involved in the ATM manufacturing, installation, running and using process. The cardholder must be educated on how to use the ATM to avoid possible card skimming! The special design of the ATM shutter, made by the ATM vendor, could significantly lower the chance of “cash trapping” by criminals. The special SW installed by the ATM owner could prevent criminals from installing the special malware on ATMs. The small device...
Are your ATMs GDPR compliant? | Checker ATM Security
The European law that went into effect in 2018 requires “all companies processing and holding personal data of data subjects residing in the European Union, regardless of the company’s location” (*). Does this means that a transaction made by a person from the EU on an ATM somewhere in Buffalo must be stored in accordance with the GDPR law requirements? It seems yes, they must! In “American Banker” (*) we read: “Basically any institution around the world that has an EU citizen, a European subject, is subject [to the law],” In the same article we read: “A European data subject...
Checker – the ultimate ATM security solution | ATM malware protection
Are you aware that even the Industry Leading desktop PC Anti-Virus and Anti-Malware programs are NOT as Effective at defending ATMs? Whilst these “regular defense” programs excel at detecting day-to-day PC threats, they cannot distinguish between a Genuine, and a Malicious Application designed to, for example, Dispense Cash or Capture Data at the criminal’s request. ATM attacks are becoming more and more sophisticated; whilst Card Skimming is still very “popular”, criminals have turned their attention to more lucrative forms of theft, with software based attacks increasing rapidly. Almost every week, new variants of virus or malware capable of assisting...
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ATM GDPR (2)
ATM Malware (6)
Black Box (3)
Cash Management (1)
Cybersecurity (3)
Messengers & ATM's (1)
Point-of-Sale (5)
Highlights
