Banks need to beef up on the ground security at ATMs : AIBOC

June 02, 2021
In the wake of increased cases of fraud at unguarded ATMs
The All India Bank Officers’Confederation (AIBOC) has requested the Department of Financial Services (DFS) to take up with Banks as well as State Governments the need to beef up on the ground security at ATM sites as criminals are increasingly manipulating bank software to siphon cash out of unguarded ATMs.
The Association expressed deep concern over the spate of ingenuous ATM frauds -- Man in the Middle (MiTM) model ATM hackings -- that have surfaced in several cities of the country by accessing the server of the bank.

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