This panel session will provide an overview of cyber and physical attacks against bank ATMs across the country. Representatives from banks and industry associations will discuss efforts to mitigate these threats through the implementation of enhanced countermeasures, procedures, and information sharing.
Our panel of law enforcement experts will respond to the concerns raised by previous panelists and provide their own perspective on ATM crime and prevention. Topics will include cooperation with local law enforcement and the importance of evidence from these attacks.
ATM physical attacks are on the rise and there is growing industry concern about these incidents. To help mitigate these attacks, law enforcement as well as ATM providers need to understand the motives and strategies of the attackers. In this session, you will hear from a seasoned law enforcement detective with 35 years of experience solving crimes as he dives into the mind of these criminals. Using real-life examples, you’ll understand how the ATM industry can better prepare for, and even deter, future attacks.
The threat landscape requires a holistic, flexible and rigorous approach to identifying, reducing and managing risks. Threats of violence, the global health crisis, geopolitical issues, financial concerns and threats to reputation are ever evolving risks banks face daily. By implementing a lighting and safety program into enterprise risk management strategies, many benefits can be realized. This includes the Identification of crime, safety and compliance risks; establishing security protection strategies, protocols and compliance standards down to an individual site level; and evaluating risks in order to create a consistent, streamlined process for site selection.
This session will be presented by experienced former law enforcement and insurance professionals who will discuss common patterns in ATM crimes, how insurers respond to same, and how insureds and victims of these crimes can work with local law enforcement to minimize their risk of being targeted for these crimes.
This session will discuss the portability in ATM security. Fitting and forgetting is an expensive option putting traditional solutions out of reach for many. ATM hotspots change rapidly, but installing high security solution throughout entire estates not justifiable. And finally it will provide an analysis of cassette-based solutions looks at how entire towns are rapidly protected and the solution moved-on to the next high risk area.
Transaction encryption is complex and continuously under attack. Current ATM security methods are difficult to manage and hard to deploy and expose transactions to human error. Material losses continue to be experienced by ATM operators as common attacks such as “Jackpotting” where transactions are intercepted, ATM instructions changed, and cash bins emptied. Providing insight into current encryption standards and new software solutions.