BANKING SECURITY AND ATMs

Abstract

As the fiscal sector relies on automated teller machines (ATMs) for client deals, the security of these bias has come consummate. This exploration paper explores contemporary challenges and advancements in ATM security, fastening on vulnerabilities that hang banking systems and strategies to alleviate these pitfalls. We examine colorful attack vectors, including physical tampering, cyber-attacks, and social engineering tactics, and their counteraccusations for fiscal institutions and consumers. This paper also reviews current security measures, similar as encryption, biometrics, and machine literacy- grounded fraud discovery, assessing their effectiveness in precluding unauthorized access and icing sale integrity. By assaying recent case studies and security breaches, we give perceptivity into arising trends and recommend stylish practices for enhancing ATM security. Our findings emphasize the need for amulti-layered approach to securing ATMs, integrating technological inventions with robust functional protocols to cover against evolving pitfalls.