Risk Assessment For Atm Using Algebra of Logics

Enhancing Security and Risk Assessment in Automated Teller Machines

Abstract

An automatedteller machine (ATM) is a computerized tele-communications device that providesthe customers of a financial institution with access to financial transactionsin a public space without the need for a human clerk or bank teller. On mostmodern ATMs, the customer is identified by inserting a plastic ATM card with amagnetic stripe or a plastic smart card with a chip that contains a unique cardnumber and some security information, such as an expiration date or CVC (CVV).Security is provided by the customer entering a personal identification number(PIN). They are sometimes referred to as “ATM machines”, an example of RAS syndrome.Using an ATM, customers can access their bank accounts in order to make cashwithdrawals and check their account balances.