ATM Security System Based on IOT

The evolution of technology has led to many innovations that ease our life, like digitisation, automation, Artificial intelligence, Data science, etc. Though these technologies are helpful, they come with a cost. Digitisation makes us more vulnerable to cyber-attacks and crimes. Digitisation in finance sectors like banks, stock markets and ATMs is more susceptible to theft and cyber-attacks as they hold a high financial risk. One concern that we are addressing and aiming to improve is the Security System of ATMs. ATM systems made financial transactions more accessible, but they pose a risk to Financial and customer security. Various ATM security systems were developed to combat thefts and cyber-attacks, but they address customer security issues like ATM card trapping, skimming, and cloning. We aim to provide security for the bank and Cash Management Company loading the cash in the ATM. The ATM security system we are developing ensures proper authorisation using a biometric sensor.