Banks are increasingly investing into security measures

Published: 3 June 2009 y., Wednesday

„Penkių kontinentų“ Bankinės technologijos (BS/2) logotipas
The study declared by non-governmental organization EAST demonstrates that in Europe alone the number of ATM robberies, thefts of card data and similar crimes grew by 149 percent in the course of last year.

This was mostly determined by much more frequent cases of payment card skimming. In 2008 more than 10.3 thousand of such cases were registered.

Last year the losses related to similar crimes amounted to 485 million Euro (more than 1.6 billion Litas). This is 11 percent more than the preceding year. According to representatives of EAST, the number of losses didn‘t grow as fast as the number of crimes due to bank investment into various security measures.

“Recently the demand for complex security measures has increased significantly. During the last several months it was reported about security measures, installed at several largest world banks, such as HSBS, RBS and other smaller banks,” says Mantas Barsys, BS/2 Marketing Manager.

According to him, there are several reasons for it. First of all, payment cards are becoming increasingly popular mean of payment. The more people acquire them, the more potential victims criminals have.

Furthermore, while financial crises is gaining momentum, criminals become much more audacious – the increase in crimes is observed not only in Lithuania and in Europe, but in the rest of the world as well. In reaction to this, banks are investing into security measures. These are significant investments, but they cost much less than spoiled reputation or customer dissatisfaction if the crime becomes public.

“Many banks use hardware and software, produced by different manufacturers. This may hinder integration of new security measures. However, we are offering a comprehensive solution, which is highly effective both as preventive remedy and as a tool for analyzing committed crimes,” explains M. Barsys.

According to him, solution BS/2 encompasses ATM external environment monitoring and data analysis (video cameras, sensors, data monitoring, alert system, etc.), systemic protection of ATM network, operational protection from unfair actions of employees, comprehensive audit of security systems, implementation of international safety standards (EMV, PCI DSS, EPC).

Šaltinis: Penki.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Non-Cash Payment Opportunities Expand In Georgia

In restaurants of Georgia, where EFTPOS-terminals of one of the largest banks are installed, the possibility of cashless tips appeared. To provide such a service, ASHBURN International has expanded the functionality of the TransLink.iQ system integrated into payment devices. more »

2020: Almost 5 Billion Internet Users

Recently we exchanged congratulations with friends in a telephone conversation. On New Year's Eve, the lines were often busy. Now, due to the growing popularity of the Internet and special communications programs, telephone greetings have changed the format to online messages. This year, 4.5 billion people congratulated each other using the worldwide network. According to International Telecommunication Union, it is this number of active internet users, encompassing 58 percent of the global population. more »

Payment terminals for Lietuvos geležinkeliai

As part of the payment automation project, Lietuvos geležinkeliai acquired about 100 Ingenico mobile payment terminals from ASHBURN International, a company specializing in software solutions for EFTPOS terminals. more »

ATMeye.iQ Will Ensure ATM Safety in Turkey

BS/2 in cooperation with Analistim Bilisim expands its area of operation and enters the Turkish market with ATMeye.iQ – the ATM software solution, which helps protect banking equipment, resolve disputes and prevent fraud. more »

Lietuvos paštas continues cooperation with ASHBURN International

Lietuvos paštas, the largest Lithuanian postal service provider, extended the cooperation agreement with ASHBURN International, which develops and implements software solutions for authorization of payment cards and network management of EFTPOS terminals, for another two years. more »

Face Detection: Extra ATM PIN Security

One of the most common cases of financial losses for bank customers is still an ordinary theft of a card and PIN code. How can banks protect customers from PIN theft? more »

How Banking Self-service in Uzbekistan is changing - the Main Banking Fusion 2019 Conference Insights

The Banking Fusion 2019 conference showed that currently Uzbekistan is ready for change, to implement and use innovations in the banking industry. more »

ATMs or Automated Deposit Machines. What is a better solution for remote cash capture?

Despite the significant increase of non-cash payments, trade and service enterprises (TSPs) still remain points of mass cash storage. Merchants turn to remote cash capture to make sure the cash collected from registers isn‘t being held up at cash points and isn‘t delaying the cash flow process. more »

Innovative Restaurant Chain Prefers ProfIT Services

Inovatyvūs restoranai, which owns eight restaurants in Vilnius and plans to expand the geography outside Lithuania - in Russia and Poland, has chosen ProfIT outsourcing services provided by Penkių kontinentų komunikacijų centras. more »

Banking Fusion Conference in Tashkent: The main trends of self-service banking

The International conference Banking Fusion 2019 dedicated to the development of self-service banking channels was held in Tashkent from November 26 to 27. The event brought together about 100 representatives of the financial industry from Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, Azerbaijan, Georgia, Russia, Belarus, Germany, Lithuania, and Switzerland to discuss how the world of self-service banking has changed in recent years and how this affects the banking industry. The conference was organized by Penkių kontinentų bankinės technologijos (BS/2) and supported by the Uzbekistan Banking Association, Diebold Nixdorf and Sargent&Greenleaf. more »