Cyber Crimes, Forensics and Incident Handling Case Study ON ENHANCEMENT OF ATM SECURITY

Cyber Crimes, Forensics and Incident Handling Case Study

ON

ENHANCEMENT OF ATM SECURITY

(BIOMETRICS AND IT’S SOLUTIONS)

Submitted By:

Name: Vivek Basera

Location: Haryana

Organization: Cognizant Technology Services                                                                                       

Abstract:

In this modern world, all the people were used ATM machines to withdrawal and transfer cash. I selected this area to increase save and secure for all customers to make easy to do the transaction. ATM is an automated teller machine which is a computerized telecommunication device that provides the customers of a financial institution with access to financial transactions in a public space without the need for the human being. In ATMs the customer is identified by inserting a plastic ATM card with a magnetic strip stripe or a plastic smartcard with a chip that contains a unique number and some secure information about the customer’s bank account details etc. But nowadays it is not secure as there have been many cases reported of fraudulent activities with ATM machine and cards.  I guess the way in which banking and transaction system is changing in the world, the validation, authentication and confirmation of a person is very important and should be of more concern. With the emerging technology, Fraudsters have also started using advanced tools like card skimmers to read debit and credit card data during usage, they even use to play various tricks, apply social engineering for extracting ATM Personal Identification Number (PINs) from decent users, and once they got the PIN they can be easily hacked by the fraudster.

In order to make it more secure as high security is needed to stop the ATM frauds and to make it easy for people I think we should use retinal scans or fingerprints. It will be safe for all the customers to do the transactions. This is safer and user-friendly with users as compared to the current systems.