ALERT - ATM MACHINES ARE ON HIGH RISK… - GADGETS & INNOVATIONS

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Monday, January 29, 2018

ALERT - ATM MACHINES ARE ON HIGH RISK…


As you must be aware that American ATM makers have alerted against “jackpotting”, a method by which criminals use hacking tools to force ATMs to spit out thousands of dollars in cash. It is a malicious cyberattack that has the U.S. Secret Service issuing warnings and banks on high alert. Jackpotting has been around for years. But its first verified cases in the U.S. were reported in the past week.

Lot of machines in India are still vulnerable to this hack and can face this attack.

Although experts feel that it can be prevented by implementing a protection strategy which will ensure the machines are protected not just from Jack potting but also from other malwares. Apart from ATM machines there are threats of switch infrastructure getting compromised which are similar to jack potting and for that also banks need to be ensure proper management of switch infrastructure and security.

With this regards do let know if you would like to speak toMahesh Patel, President & Group CTO, AGS Transact Technologies Ltd.

Established in 2002, AGS Transact Technologies Limited (AGSTTL) is one of India’s leading end-to-end payment solutions provider with a wide spectrum of highly customised products instated with state-of-the-art technology for the Banking, Retail, Petroleum and Transit sectors. AGSTTL operates across 2200 cities and towns reaching out to over 200,000 customer touch points across India and boasts of an impressive footprint in South East Asia.

Mahesh can further enlighten on persisting threats and possible security measures that needs to be taken.

MAHESH PATEL, PRESIDENT & GROUP CTO, AGS TRANSACT TECHNOLOGIES LIMITED
Mahesh Patel is the President & Group Chief Technology Officer (CTO) at AGS Transact Technologies Limited (AGSTTL). Spearheading technology vision for the company, he is responsible for planning, development and overseeing implementation of technology projects and supports organizational growth by helping clients transform their businesses through the company’s technology solutions.

Mahesh has over 20 years of experience within the field of technology including electronics and computer application. Further, having spent 16 years in the payments industry, he has a deep understanding of the payments technology business, including operational aspects. Mahesh has developed as well as implemented strategy and process for technology operations and delivery of projects to achieve optimal resource utilization for clients and making the company’s technology department a profit centre.





Mon, Jan 29, 2018

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