London, United Kingdom, December 2, 2011 - The ATM Industry Association (ATMIA) (www.atmia.com) today announced the publication of a security paper entitled “The Ten Immutable Laws of ATM Security” modeled after Microsoft’s classic “Ten Immutable Laws of Information Security” and updated to address current software and security systems threats.
“No software patch by itself will ever protect ATMs from all forms of cyber attack,” commented Pat Telford, a Microsoft security consultant and co-author of the recently published ATM Software Security Best Practices guide (2nd edition). “Security is a function of People and Processes, in addition to technology. ATM deployers who keep in mind these ‘Immutable Laws’ and best practices described in the guide will reinforce the security of their ATM systems.”
“The ATM industry continually invests in enhancing its security,” added Peter Kulik, Vice President, Product Management at Vantiv, who edited the best practices and co-authored the new security paper. “These new ‘Ten Immutable Laws of ATM Security’ are both a valuable guide for practitioners as well as an introduction to the full ATM Software Security Best Practices Guide.”
“ATMIA conducted a global online ATM fraud survey last month, which attracted responses from security and ATM managers in 37 countries, and cyber attacks were rated the third top threat facing the ATM industry,” Mike Lee, CEO of ATMIA, stated. “This trend reinforces the need for an updated software security guidebook and the application of these core ten laws.”
With a mass migration well advanced in the industry to the more open environment of Windows XP away from proprietary systems, the need to defend against evolving software threats, from malware and Trojans to denial-of-service attacks, has increased. The second edition of the software security best practices includes significant updates as well as new material on preventing insider fraud and emerging cyber attacks.
For more information, contact Mike Lee, CEO, at mike@atmia.com.
About ATMIA - www.atmia.com
The ATM Industry Association is a global non-profit trade association with over 2,600 members in 60 countries. Its mission is to promote ATM convenience, growth and usage worldwide, protect the ATM industry's assets, interests, good name and public trust; and provide education, best practices, political voice and networking opportunities for member organizations. In June 2003, ATMIA established the Global ATM Security Alliance (GASA) (www.globalasa.com) with the mission to employ global security resources in a united alliance in order to protect the ATM industry from criminal activity.
About Vantiv
Vantiv, LLC is one of the leading integrated payment processors to businesses and financial institutions of all sizes in the United States. Formerly known as Fifth Third Processing Solutions, LLC, since 1971 Vantiv has provided payment processing solutions to its clients. Headquartered in Cincinnati, Ohio, Vantiv, LLC is a joint venture between Advent International and Fifth Third Bank, a subsidiary of Fifth Third Bancorp (FITB).
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