Wednesday, July 01, 2015
Utrecht, Netherlands – The ATM Security Association held its inaugural meeting last month in the Netherlands. During the meeting, multiple ATM manufacturers, financial institutions, suppliers, service providers and independent ATM deployers (IADs) were inducted as official members of the association, representing more than 40 percent of the global automated teller machine (ATM) installed base.
“We are encouraged by the amount of interest in membership that we have received,” said Joerg Engelhardt, ATM Security Association finance and marketing director. “It’s exciting to see key players in the financial space team up to combat the most pressing security issues in the industry.”
To compile information on recognized and potential ATM attack scenarios, association members established working groups focused on software security, encryption, skimming and cassette security to rapidly develop and implement counter-measures at a global level. Results of these working groups will be shared with specific industry groups when complete.
The ATM Security Association is focused on bringing ATM manufacturers, suppliers, operators, financial institutions and authorities together to build a neutral and secure platform for the analysis of identified threats, delivery of faster and more comprehensive information, enablement of proactive, cross-vendor recommendations on countermeasures and development of relevant industry security standards. Those interested in membership should visit www.atmsecurityassociation.com for more information.
The ATM Security Association for Enhanced Technology is a non-profit association dedicated to improving ATM security. Its aim is to compile information on recognized and potential attack scenarios on ATMs and share that information with specific industry groups to rapidly develop and implement counter-measures at a global level. The main purpose of the ATM Security Association is to create a global network throughout the ATM provider chain enhancing security including all involved parties like Global ATM manufacturers, Suppliers, Financial Institutions, Service Providers and IADs. One of the primary goals of the ATM Security Association is the creation of security standards focused on the deployers’ self-service channel. The focus of the association will be on both hardware and software-related threats, physical and logical attacks. The target is to consider the total environment of the ATM that can have a direct impact on secure usage and operations.