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Proposal on Risks to ATMs and How to Control Them

                                                                   Introduction

Automated Teller Machine (ATM) is a specialized computer that makes management of money convenient. ATMs enhances people to deposit money and withdraw money at certain locations (Harper et al., pg. 46). ATMs also enable people to print statements, check balances in the account, and transfer money from one account to another. ATMs are connected with banks, and they allow an individual to access services that are offered in a bank. To operate an ATM, a customer is required to have a debit card which is inserted into the machine. The customer is then required to enter his Identification Number (PIN) which is a secret code, and then he can access his account. Many customers prefer the use of ATMs than check cashing services because it is safe, convenient, and less expensive. However, there are many risks associated with ATMs today, and this is a big problem affecting many customers worldwide. Many customers have become victims of fraud by malicious people who steal money and data from ATMs. Criminals are not only breaking into ATMs but also using advanced methods of attacking debit cards used as ATMs. The new risks to ATMs are skimming, hacking, and use of radio frequency identification (RFID) card skimming. In this paper, there will be an explanation of the possible ways to control such risks.