We’ve all read the news: in our increasingly digital, electronic world, it seems like every day brings a new breach, threat, or vulnerability. As consumers and businesses trade off between security and convenience, it’s easy to lose sight of what we can do to minimize or eliminate risks.
As a case-in-point, let’s take ATMs. Millions of these machines are deployed worldwide in banks, businesses, and stand-alone locations. ATMs are full of money and protected by electronic interfaces, so it’s no wonder hackers see them as a prime target.
For the past several years, we’ve seen two kinds of attacks growing in popularity and sophistication. The first, “jackpotting,” takes advantage of unsecured top sections of the machine. The second, side-channel attacks, exploit vulnerabilities in the locks that secure ATM vaults.
Both types of attacks result in serious losses for ATM owners and operators. And both types of attacks are avoidable.
While no security solution can guarantee 100% protection, a few design changes could significantly reduce ATM vulnerabilities to jackpotting and side-channel attacks.