Security

Top 6 ATM (Automatic Teller Machine) Personalization Strategy

1. Customization:
Through transaction personalization options, customers can preset their preferences for the types of transactions they want to perform and the information they want to receive, which leads to feelings of personalized relationships and loyalty

2. Brand reinforcement:
ATM screen graphics and messaging can be made consistent with the financial institution’s other marketing channels, reinforcing messages with each ATM transaction

3. Cross-sell opportunities:
One-to-one targeted messaging via an ATM can result in higher response rates than from other marketing channels. Additionally, financial institutions have the opportunity to cross-sell to non-customers who use the financial institution’s ATMs

During SDLC process what are the key security controls that you need to aware? below the list:

1. Risk Assessment
Risk assessment will be specific and detailed, since the project participants will have actual specifications for the hardware and software that will be used to implement the system.

2. Functional Requirements Analysis
Ensure that project participants review the system ’ s functional requirements to help determine the security requirements necessary for successful implementation.

3. Assurance Requirements Analysis
Determine what development work and assurance evidence are necessary to establish confidence that the security will work correctly and effectively.

The PCI DSS (Payment Card Industry - Data Security Standard) cardholder data environment has an aggregated risk based on the subrisk categories of reputation, financial, compliance, and operational.

Reputation Risk
- Risk of PCI DSS non-compliance on your institution’s brand?

Financial Risk
- Risk of the fines from specific credit card issuers (i.e., Visa, MasterCard, and American Express)
- Litigation costs associated with security breach
- Merchant banks will receive fines as a result of a security breach.

Compliance Risk
- Risk of non compliance with PCI DSS
- The fines from specific credit card issuers (i.e., Visa, MasterCard, and American Express)

A board of director room should have a highly secured and controlled environment because all the confidential information is located in this room. While many of you know that for BOD, the security is not that important as others business problem and consideration that they should decide everyday.

Some of technical control that can be implemented to securing access control for Board of Director explain as below

Top 10 ATM (Automatic Teller Machine) Security Preventive and Detective Controls

1. Integrate the ATM into the side of the bank or brick building.

2. Strategically place physical barriers around the machines.

3. Work with local police to patrol high risk locations, especially those with a construction site nearby.

4. Select a security company to provide video and alarm monitoring of island ATM locations.

5. Install new or improved lighting around the ATM.