How ATM Hacking Affects Business in the U.S Essay - 878 Words

ATM hacking has become more and more prevalent in society today. The more technology improves the more fraud is done. The U.S alone, has fallen victim to ATM hacking over the last decade. There has been countless numbers of ATM hacking taking place, having billions of dollars loss and innocent people now in debt. ATM hacking has really proved to be effective and has become a major success for criminals. In the article, â€Å"Hackers Devise Wireless Methods for Stealing ATM Users PINs†, author Jordan Robertson, speaks on how ATM hacking has had a major effect on the U.S and U.S citizens. In the article, â€Å"Hackers Devise Wireless Methods for Stealing ATM Users PINs†, Robertson speaks on how the effects of ATM hacking has been the fastest way†¦show more content†¦This can have a long lasting effect on individuals. Even with the advances in technology, people are still prone to data theft. â€Å"U.S Secret Service says, companies were frequently the targets of the 130 skimming breaches the team studied from last year for its report.†, says Robertson. That loss not only affected companies, but also those companies employees and overheads. Many companies have a certain amount of dues that are use in paying taxes. But how would companies pay those dues if they are short of the funds calculated to cover those expenses? It puts them in a â€Å"hole†, so to speak, leaving them unable to fulfill their duties to the government. It also leaves employees and customers with their personal identities exposed and puts them at risks for being victims of data theft. Los Angeles Times, publisher of â€Å"Banks Are Warned About ATM Hacks† says, â€Å"The latest warning comes after millions of Americans have had their financial information breached in a series of high-profile cyber attacks, most notably the theft of personal data from more than 110 million Target Corp. customers during the winter holidays. Consumer privacy advocates generally recommend that consumers avoid using debit or ATM cards altogether. Its better to use credit cards, in which the proceeds of any fraud are not directly drawn from consumers bank a ccounts, they say.† But why should customers have to change their way of living or their way of spending, due to another personsShow MoreRelated Database Vulnerabilities Essay2435 Words   |  10 Pagesstrategy involving a defense in depth and are prepared for an ever changing computer attack. Any business or individual that uses the Internet is attaching its computer system to an immense network. 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