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The Future Of ATM Hacking
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RetiredUser
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RetiredUser,
User Rank: Ninja
7/31/2017 | 3:31:47 PM
Re: Security Cost vs. Risks
It should be noted that by deferring costs for securing a user's private data or money (even though insured, its still your money being attacked since your personal info is attached to it) rather than fixing a known problem (or an anticpated problem) a company risks alienating customers and breaking a very fundamental business ethics practice.  We need to get better at saving money early on in the process so we can put due diligence into the design, secure early on to avoid such exploits, and maintain ethical relationships with our customers.  Heck, we could even use some of the money saved on operational security monitoring...
IdahoseW596
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IdahoseW596,
User Rank: Apprentice
5/8/2017 | 12:48:53 PM
Re: ATM Security
hi there
jcavery
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50%
jcavery,
User Rank: Moderator
8/28/2016 | 10:23:41 PM
Re: Security Cost vs. Risks
you're rght andrew, cost is the main driver when choosing a defense against hackers. the problem will always be that hackers only have to invest in the first target, once hacked, there is no cost for them to replicate the hack again across infinite targets. however, banks, institutions, etc have a huge initial cost for the solution, and then multiplied to implement across every customer they have. this is why the hackers will have a "cost" advantage until a better solution is found
AndrewfOP
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AndrewfOP,
User Rank: Moderator
8/13/2016 | 2:14:38 PM
Security Cost vs. Risks
"Unfortunately, many ATM operators are reluctant to make hardware upgrades..."

 

It's all about costs vs. risks.  If the costs of better security is more than the damage of the risks, decision makers would continue to avoid 'costly' security until the damage itself becomes far more costly.  It's the same thing with EMV adaption with merchants: when VISA & Master Card made the ones that won't adopt EMV bear the fraud damage, the adoption became far more wide spread. Until the manufacturers/operators start to bear More of the damage responsibility, there would continue to be poor security with ATMs.  
Nabeelshaikhd
50%
50%
Nabeelshaikhd,
User Rank: Apprentice
8/13/2016 | 8:11:25 AM
Thanks for this nice post!
I love this blog and its posts!
DrNashik
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50%
DrNashik,
User Rank: Apprentice
8/11/2016 | 2:53:14 PM
ATM Security
I remember the May ATM scandle Japan. I wonder if using the chips in ATM's would help reduce the fraud. Seems to be working everywhere else..


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