Provided by: Creative Commons
Date Added: Feb 2013
Security in the ATM network is very necessary because it is widely spread in all areas such as financial, network administration and other important parts of financial network which requires very sensitive handling transmission of data. Manipulating the transmitted data, spoofing and misuse of ATM channels would be very fatal in accounting system. Mostly the ATM transactions should rely on the integrity of secure crypto-processor (Dedicated processor for carrying Crypto-graphic operations). Therefore the ATM Forum, developed new standards & specification called ATM security specification 1.0 in 1998 and then in March 2001, the ATM forum developed a new technical committee called ATM security & specification version 1.1.