Study of Vulnerability of ATM in Nepal

Automatic teller machines (ATMs) provide a number of benefits to users, so ATMs have gained popularity within the banking sector. Users can withdraw cash, make balance inquiries, and also pay bills without having to travel to the branch and without having to face the long, undesirable queues. Today, ATM crime has continued to grow and spread globally despite the regional variation in the frequency of crime. If a proper security plan is not implemented for the ATM system, banks can lose huge amounts of cash from the ATM. The banking sector all around the world is fighting against ATM crimes like ATM card skimming, shimming, jackpotting, man-in-the-middle attacks, etc. These logical attacks have continued to grow in recent years. During this investigation, we reviewed the latest ATM attacks that occurred around the world and analyzed the vulnerability related to the ATM of Nepali Bank and also made recommendations to mitigate threats. In order to combat logical and new crimes like jackpotting, which cannot be prevented by conventional ATM security measures like the Payment Card Industry Data Security Standard (PCI DSS), the whitelist of ATM software was suggested.