Tens of millions of people around the world every day use ATMs (Automatic Teller Machines) for financial transactions, opening up their finances to potential fraud and identity theft without a second thought or at all questioning the security of the ATM they are about to use. ATM security will or has effected every person in the U.S. in one way or another at some point in there lives. I am writing this paper in hopes to give people an understanding of how easily they can become a victim and help them understand threats regarding ATM security. I would also like to give card holders and ATM owners a better understanding and boost there mindfulness about the risks they take when using ATMs, and give them some guidance and know how to identify and prevent an ATM attack. Unfortunately I will not be able to provide all the information related to ATM attacks and prevention methods due to on going change in methods of criminals, therefore use this information to become aware of possible financial threats and a guidance to help prevent yourself from becoming someones next victim. Hopefully this will make you a lot less trusting and a lot more skeptical when it comes to providing all your financial information to a machine that ANYONE has physical access to at any given time. There are countless different types and variety’s of ATM attacks because ATMs have become increasingly attractive targets for criminals. Therefore I will only be covering the three most common starting with physical attacks. When ATMs we're first introduced over 40 years ago they were built to withstand physical attacks, because physical attacks were going to be an obvious threat. Although this method thought to be long forgotten, recent news has proven that p... ... middle of paper ... ...ll exploit it time and again.” - http://www.king5.com/news/crime/Criminal-flash-mob-drains-45M-from-worlds-ATMs-in-mere-hours-206923441.html Robert Sciciliano - http://www.toledoblade.com/business/2012/06/10/ATM-skimming-crimes-on-rise-as-criminals-refine-techniques.html#uxSssT1dxw564VwL.99 W. Curt Tiettmeyer - ”As skimming attempts continue to increase, the interchangeable bezel is an extremely valuable tool within our multi-layered security approach," said W. Curt Tiettmeyer, vice president, ATM administration, Fifth Third Bank. "It provides us with an innovative solution to mitigate card skimming and enhance protection of the ATM channel." - http://news.diebold.com/press-releases/diebold-advances-fight-against-atm-card-skimming-with-theft-prevention-technology.htm Webopedia definition of card skimming - http://www.webopedia.com/TERM/C/card_skimming.html
Two individual employees wanted to complete their assignment for their company. But, did their strategy go about accuracy? Karel Svoboda works for Rogue Bank. Svoboda is a credit officer who needed Alena Robles, independent accountant, assists to evaluate and approved his employer’s extensions of credit to clients. In order to complete the task, Svoboda needed to access the nonpublic information about the clients’ personal information related to the company such as their profits and performances. Instead of appropriately following the company policy, Svoboda and Robles created a plan to utilize this data to exchange securities. According to their plan, Robles exchanged the securities of more than twenty unique organizations and benefitted by
ATM is geared toward high speed voice and video transmission, much like a telephone network. It uses a cell-switching and multiplexing technology. The data (this refers to data, voice and video) is transferred between two points on a dedicated circuit in 53 byte cells. Each cell is the exact same size, no matter what data is being sent. The cells consist of 5 bits of header information and 48 bits of actual data. Using a smaller, consistent cell size means there's less delay between when each cell processes at the other end. Using dedicated circuits via virtual circuits ensures there is no interruption in the data transfer. This is extremely important to voice and video transmissions, because they are highly intolerant to data delays. This improves the Quality of Service (QoS) and speed of transfer, which can be between 25 Mbps to 622 Mbps.
credit or debit cards accessible in one easy location and it’s even got the extra security of the
Your identity is unsafe in more places than you may realize. Every store you walk in has the possibility or either having someone behind the counter, or someone hacking into a business from outside, readily waiting to steal your identity. Using your credit card in any store is never safe no matter what signs are posted around the store, or how big the company is; it’s not always the people who work there that want your identity. The article Identity theft growing, costly to victims in The Arizona Republic, J. Craig Anderson ...
Does the thought of going through airport security make you want to jump off a bridge? Some people may think that security in airports is either too strict, or it is not enforced enough. Airport security has certainly developed over time, both in terms of more technology, and in terms of increased security. It has had a lot of reasons to step up, both with terrorist attacks, and with other incidents, such as the way that explosive technology has evolved. The topic of airport security is a big debate: is it too strict or not strict enough? It is important that people know and understand both sides of this important issue.
Journal of Internet Banking & Commerce, 18(2), 1-11. Retrieved from http://www.arraydev.com/commerce/jibc/. Sullivan, C. (2009). The 'Standard'. Is identity theft really a theft? International Review of Law, Computers & Technology, 23(1/2), 77-87.
Today, with all the technology we have, it has become fairly easy for thieves to steal someone’s identity. One of the easiest ways for someone to steal your personal information is just by simply looking over a person’s shoulder as they insert personal information into a computer or an ATM machine. This process is known as shoulder surfing. According to ...
III. Thesis Statement: Identity Theft is rapidly becoming a national issue because anyone of us could be a victim of identity theft. How we protect our self, keep our information private, identify any signs of identity theft, and report and repair our credit is up to each one of us. We have to be vigilant about our protecting ourselves from criminals.
The advent of technology, in the form of credit card, brought in convenience and made life simpler for us, but along with it came the Pandora’s Box. While credit cards have made life easy for us, they have also managed to make life easy for the crooks. While enabling us to purchase things we fancy whilst seated on our couch, it has on the other hand made it easy for fraudsters to guzzle away money that is not truly theirs.
From PayPal to Debit cards, from EFT to Credit cards, this modern world has been inundated with new ways of making business transactions. Instead of the conventional use of dollars and nickels, now there are electronic payment systems. These types of systems allow for better trust and acceptance between consumer and businesses. In the traditional way of buying a product, one would see a product in person, and pay for it with cash or credit. In e-commerce, the business uploads images of its products online and it enables its customers to shop it using any type of electronic payment system.
Every time you got out to your favorite store or restaurant, and you pay with your debit or credit card—your information is out there. Identity theft is a major issue and is one of the fasting growing crimes. Identity theft is defined as a form of stealing someone’s identity, where someone pretends to be someone else. This allows a thief to gain access to financial information and other confidential information. Amazingly, every nineteen minutes a person falls victim to identity theft. Identity theft has grown to 9.9 million a year. After many conducted studies, it has been shown that it is more likely for the person trying to steal your identity are the ones closest to you. This person could be a relative, a neighbor, a friend etc. It is scary to think that at this moment someone would be pretending to be you. This person could be out going on a shopping spree or even buying a Lexus? That is why it is extremely important to be cautious and aware always. It is important to be checking everything and make it a habit, like every time you get into the car you put your seat belt on!
Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin...
The Man Who Was Afraid of ATMs is a reflection of the hardships Chang (the protagonist) faced when forced to adjust to life in another country, while the three secondary characters adapt to the new life with minimal difficulties. Concepts that I’ll apply in this story is the ABCs of Acculturation, Acculturation Processes, Enculturation, Ethnocentrism and Gender Stereotypes.
The use of credit and debit cards today are taking a tour in the sense that electronic cash is becoming more admissible as the world makes a switch towar...
His name was Michael he recently planned and set in motion events to execute the perfect bank robbery. Why? Beyond the obvious financial motivation, he could.