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[SITUATION] · [QUIET] · [TECHNOLOGY]

2 clusters · 6 sources · 23 days · First seen · Last updated

ATM technological evolution and security updates

Overview

ATM technology is undergoing evolution through the implementation of cardless systems and updated security protocols. New generations of machines are being introduced that lack physical keypads and screens for manual input. Instead, users manage account selection, security verification, and transaction amounts via mobile banking applications using QR codes or NFC connections.

These advancements aim to enhance digital integration and minimize fraud risks, specifically targeting the prevention of skimming devices that exploit physical keypads. Additionally, some systems are designed to return cards before dispensing cash to prevent users from forgetting them, with machines programmed to retract cards if they are not retrieved promptly.

Entities

ATM

Timeline

  1. 7 days ago

    [TECHNOLOGY] 2 sources
    ATM technology evolves with cardless systems and new security protocols

    New ATM technologies are being introduced to improve security, including systems that return cards before cash to prevent loss and buttonless, cardless models that utilize mobile apps to prevent skimming.

  2. 30 days ago

    [TECHNOLOGY] 4 sources
    ATM receipt disposal poses social engineering risks

    Discarding ATM receipts near machines can aid social engineering scams by providing fraudsters with transaction details used to build convincing profiles for banking fraud.

Sources

e-radio.gr · ekriti.gr · haber7.com · naftemporiki.gr · newsbomb.gr · sesgazetesi.com.tr