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ATM anti skimming devices

Does the ATM antiskimming devices are operational risk or information security ?

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RE: ATM anti skimming devices

The intent of ATM anti-skimming device is to protect and deter card skimmers from obtaining customer/card information. Compromising the integrity of ATMs is purely an OPERATIONAL RISK issue which can result in significant losses each year due to fraud and investigative costs, not to mention the damage inflicted upon your financial institution's reputation and loss of consumer confidence. It's important to note that Information or IT security is part of Risk management which cannot be managed in a silos. I hope this helps.
Kwame205Social at 12/18/2017 5:07:31 AM Quote
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RE: ATM anti skimming devices

@Tarek EL-Sherif

I believe there is more to your scenario from the way you posted your question....
I sense like you asked the question to know whose responsibility is for implementation of anti-skimming devices. I can further understand if your scenario involves small/no team to support such functions falling under information security. 

But again implementation of anti-skimming devices can be done with the team supporting your ATMs.
And yes to well nail it, its best to have a hollistic view of your situation, you can not totally separate Operational Risk and Information Security when it comes to Risk Management.
TatyLively at 12/18/2017 5:22:13 AM Quote
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RE: ATM anti skimming devices

Without knowing the details, Operations probably own the risk but Information Security may help determine and/or implement the mitigating action.
Linda716Lively at 1/30/2018 5:29:16 AM Quote
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RE: ATM anti skimming devices

Without knowing the details, Operations probably own the risk but Information Security may help determine and/or implement the mitigating action.
Linda716Lively at 1/30/2018 5:29:16 AM Quote
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(Unrated)

RE: ATM anti skimming devices

@Tarek EL-Sherif

I believe there is more to your scenario from the way you posted your question....
I sense like you asked the question to know whose responsibility is for implementation of anti-skimming devices. I can further understand if your scenario involves small/no team to support such functions falling under information security. 

But again implementation of anti-skimming devices can be done with the team supporting your ATMs.
And yes to well nail it, its best to have a hollistic view of your situation, you can not totally separate Operational Risk and Information Security when it comes to Risk Management.
TatyLively at 12/18/2017 5:22:13 AM Quote
You must sign in to rate content.
(Unrated)

RE: ATM anti skimming devices

The intent of ATM anti-skimming device is to protect and deter card skimmers from obtaining customer/card information. Compromising the integrity of ATMs is purely an OPERATIONAL RISK issue which can result in significant losses each year due to fraud and investigative costs, not to mention the damage inflicted upon your financial institution's reputation and loss of consumer confidence. It's important to note that Information or IT security is part of Risk management which cannot be managed in a silos. I hope this helps.
Kwame205Social at 12/18/2017 5:07:31 AM Quote
You must sign in to rate content.
(2 ratings)

RE: ATM anti skimming devices

The intent of ATM anti-skimming device is to protect and deter card skimmers from obtaining customer/card information. Compromising the integrity of ATMs is purely an OPERATIONAL RISK issue which can result in significant losses each year due to fraud and investigative costs, not to mention the damage inflicted upon your financial institution's reputation and loss of consumer confidence. It's important to note that Information or IT security is part of Risk management which cannot be managed in a silos. I hope this helps.
Kwame205Social at 12/18/2017 5:07:31 AM Quote
You must sign in to rate content.
(2 ratings)

RE: ATM anti skimming devices

@Tarek EL-Sherif

I believe there is more to your scenario from the way you posted your question....
I sense like you asked the question to know whose responsibility is for implementation of anti-skimming devices. I can further understand if your scenario involves small/no team to support such functions falling under information security. 

But again implementation of anti-skimming devices can be done with the team supporting your ATMs.
And yes to well nail it, its best to have a hollistic view of your situation, you can not totally separate Operational Risk and Information Security when it comes to Risk Management.
TatyLively at 12/18/2017 5:22:13 AM Quote
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(Unrated)

RE: ATM anti skimming devices

Without knowing the details, Operations probably own the risk but Information Security may help determine and/or implement the mitigating action.
Linda716Lively at 1/30/2018 5:29:16 AM Quote
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(Unrated)

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