New Delhi: During the time when people are queuing outside ATMs to withdraw money post demonetisation, a top executive of Intel Security has issued warning that ATMs are highly susceptible to security breaches in India.
Security of banks can be breached at various levels – like at an ATM, data centre, network or through mobile banking. ATMs are the easiest targets for such breaches in today's world.
ATM attacks have affected several countries in the recent past. A hacker group called Cobalt targeted ATMs across Europe last month and remotely attacked the machines using malicious software that manipulated the systems which led the machines to automatically dispense huge amounts of cash.
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.
With IANS Inputs