Utrecht, Netherlands – The ATM Security Association is to participate in the ATMIA’s annual conference which will be held from February 23 to 25, 2016 at the Hilton New Orleans Riverside hotel. At the association’s booth (booth 710) in the exhibition hall, everything is to revolve around the latest developments and most pressing concerns related to the security of ATMs.
As cross-industry organization, the ATM Security Association aims to provide information and deliver standards for trustworthy ATM security practices. During the major industry event, representatives of the association will explain the activities to date, the benefits for potential members as well as the strategic roadmap and the next steps of the independent organization. In New Orleans, the ATM Security Association will also provide insights into the processes adopted in order to achieve the association’s objectives. The roadmap of the working group on ATM Skimming and Card Compromise serves as an example of how the expert working groups within the association approach their target. As initial result, the working group focusing on the top priority area of skimming and card compromise is currently issuing a white paper analyzing different card data compromise methods and evaluating available security solutions. Following the detailed analysis, the group currently documents technological, functional requirements and compliance requirements for effective anti-skimming solutions. These requirements will serve as means of evaluating existing and future security technology. On this basis, technology standards and a reliable assessment methodology can be defined.
In parallel to ATM Skimming and Card Data Compromise working group there are currently three additional working groups active: Cassette Security, Encryption, and Software Security. Details on specific areas and initial results could be discussed at the association’s booth.
“Co-operation among ATM manufacturers, suppliers, service providers, financial institutions, independent deployers, the card industry and other organizations is crucial to develop effective countermeasures against the ever-evolving security threats and ensure continued consumer trust in the ATM channel,” says Joerg Engelhardt, ATM Security Association finance and marketing director. “The ATMIA US Conference provides us with an opportunity to demonstrate our commitment to this goal and underline the importance global industry security standards as well as best practices.”