A Safeguard against ATM Fraud

Abstract

Electronic transaction security is becoming more and more important in all aspects of Automated Teller Machine (ATM). As the number of persons using an ATM, are becoming more desirable targets for attacks. These attacks could be counted as a security risk in the form of card cloning or PIN release, etc. It has been observed that the secure electronic transaction has become a top priority to avoid ATM fraud. In this research article, the tools and techniques of ATM fraud are contemplated. A secure layer electronic transaction mechanism of ATM is developed to prevent ATM frauds. Through this mechanism a cardholder identification, authentication, authorization and security clearances are boosted. Against shoulder suffering (a fraud technique) two technical security tools are proposed to enhance ATM transaction security.