DOI: 10.5176_2010-2283_1.2.43 ATM Frauds -Preventive Measures and Cost Benefit
نویسنده
چکیده
It is well-known that criminals have many ways of illegally accessing ATM machines to access the account of legitimate users. In this paper, we briefly provide an overview of the possible fraudulent activities that may be perpetrated against ATMs and justify why the use of biometric should be considered as preventive measure. A prototype of biometric ATM was designed and questionnaires were distributed to users for their opinion. Finally, the paper concludes by giving a simple risk and cost benefit analysis for the proposed design. Keyword(s): ATM Fraud, Biometrics, Fingerprint Verification, ATM Fraud Countermeasures.
منابع مشابه
Bank Fraud in Asia
as “unmanaged risks.” The term “unmanaged” connotes the practical difficulties associated with managing fraud risk effectively and dynamically. In recent years, while the number of publicized frauds—unauthorized usage of credit and ATM cards, checking account fraud, Nigerian scams, etc.—increased, these cases merely constituted the tip of the iceberg. Estimates are that just 20% of frauds are e...
متن کاملPlanning for Active Traffic Management in Virginia: International Best Practices and Implementation Strategies
Active Traffic Management (ATM) applications, such as variable speed limits, queue warning systems, and dynamic ramp metering, have been shown to offer mobility and safety benefits. Yet because they differ from conventional capacity investments in terms of cost, service life, and operating requirements, how to incorporate them into the planning process is not clear. To facilitate such incorpora...
متن کاملEffects of Automated Teller Machine on the Performance of Nigerian Banks
This study investigates the effects of ATM on the performance of Nigerian banks. Available studies have concentrated on the significant dimensions of ATM (automated teller machine) service quality and its effect on customer satisfaction with a bias against ATM producers. The study is motivated by the astronomical challenges confronting the proliferation of ATM infrastructure and attendant finan...
متن کاملThe Safety Level of Railway Infrastructure and Its Correlation with the Cost of Preventive and Mitigation Measures
This paper develops a methodology which allows the correlation between the cost which is required for the application of preventive and mitigation measures dealing with accidents which occur within a railway system and the improvement of the level of safety as a result from their implementation. The safety level is expressed either quantitatively, by the decrease of “fatality risk” indicator...
متن کاملA cost/benefit model for investments in inventory and preventive maintenance in an imperfect production system
In this research, a cost/benefit model is developed for supporting investment strategies about inventory and preventive maintenance in an imperfect production system. The effect of such investments on the return is expressed as a function of measurable variables. Using this model, the decision maker can decide whether investments in inventory and preventive maintenance are necessary and how muc...
متن کامل