Our mission is to help businesses connect, protect, and derive more value from their assets. As a leading global innovator, developer, and supplier of IoT solutions, we drive continuous innovation to enable our partners to deploy confidently at scale worldwide.
Automated Teller Machines or ATMs often contain substantial amounts of cash, making them attractive targets for criminals seeking an immediate and significant payoff. Stolen ATMs can also be dismantled and individual parts sold, providing another source of profit.ATM securityis crucial for financial institutes as they can be extremely vulnerable to theft and damage for several reasons:
- Accessibility: ATMs are designed to be easily accessible to the public, making them potential targets for theft. Their placement in public areas, including remote or less secure locations, can increase vulnerability.
- Cash Content: ATMs typically hold a significant amount of cash, which makes them highly valuable for anyone seeking immediate financial gain. The presence of cash in the machines increases the likelihood of theft attempts.
- Physical Security: While ATMs are built to withstand tampering and attacks, they can still be vulnerable to physical breaches. Criminals may employ various techniques, such as using explosives, cutting tools, or vehicles to forcefully remove the ATM from its location.
To prevent these risks, financial institutions and ATM operators can implement anATM security systemusing IoT.
Benefits of UsingATM GPSfor Security
Financial companies and banks utilizeATM trackersfor their machines for several reasons:
- Theft Prevention:ATM security systemsact as a deterrent for potential thieves. The knowledge that ATMs are equipped with an ATM tracker can discourage criminals from targeting these machines, as it significantly increases the risk of being apprehended.
- Rapid Recovery: In the unfortunate event that a machine is stolen, ATM trackers can be switched into a recovery mode that enables the authorities to quickly locate and recover the stolen machine. Real-time location information provided by GPS systems enhances the chances of a prompt response, increasing the likelihood of recovering the stolen ATM and minimizing financial losses.
- Preventative Maintenance:ATM GPSdevices allow financial institutions to monitor the status and usage of their ATM machines efficiently. They can track the machines’ locations, optimize cash replenishment routes, and ensure that ATMs are functioning properly.Preventative maintenanceenhances operational efficiency, reduces downtime, and improves customer service.
- Insurance and Risk Management:ATM security systemsmay be required by insurance providers as a risk management measure. By installingATM trackers, financial companies and banks can demonstrate proactive efforts in mitigating theft risks, potentially reducing insurance premiums, and ensuring compliance with insurance policies.
ATM trackersprovide an added layer of protection for the machines by deterring theft, facilitating swift recovery, aiding in criminal identification, optimizing operations, and satisfying insurance and risk management requirements.
Digital Matter Solutions
Digital Matter’sbattery-powered GPS trackers are ultra-rugged in their design with IP68-rated housing, allowing them to perform at the highest level in the most extreme conditions.
Our devices are engineered with a ‘deploy-once’ long battery life lasting up to 10+ years using off-the-shelf user-replaceable Lithium, Lithium Thionyl Chloride (LTC), or Alkaline batteries. Discrete and easy to conceal,ATM trackerscan be easily installed for a comprehensiveATM securitysolution.
AllATM GPSdevices are designed forflexible configuration, enabling banks and financial institutes to monitor important data accurately. Settings can be managed remotely for multiple devices to easily set configurations in bulk when provisioning.
Several of ourATM GPS devices are also equipped with Indoor/Outdoor location-solving technology. Supporting multiple location technologies (GNSS, Wi-Fi MAC Address Scanning, and Cell Tower location), these devices can perform where GNSS-only devices fail to accurately track ATMs indoors and outdoors or as they move between environments.
Create YourATM Security SolutionToday
Digital Matter’sATM GPS trackers provide a comprehensive and reliable solution to enhance yourATM security. Get access to the technology and support to help you track what matters most to your business.Get in touch with ustoday to chat about ourATM securitysolutions!
FAQs
Digital Matter Solutions
Do ATM machines have a GPS tracking device in them? ›
In many cases, ATM owners not only purchase the GPS tracking gadgets, but the companies that sell them also provide human support in the event of a theft, and that service costs money as well. For this reason, it's more common for bank ATMs to have GPS trackers.
Can GPS be used for security? ›
GPS verification can be a critical tool in enhancing security measures, as it allows for real-time, accurate, and reliable location-based authentication.
Do GPS trackers prevent car theft? ›
Overall, GPS car trackers can be a very effective way to prevent and recover car thefts. If after reading the above points you have now decided that it would be a good idea to have a GPS tracker in your car, here are some additional tips for choosing and using a car tracker.
What are the risks of GPS security? ›
Software and Hardware Vulnerabilities
Like any technology, GPS systems can also be vulnerable to software and hardware exploits. Weak encryption, poor system design, and outdated firmware can expose GPS systems to hacking, data manipulation, and unauthorized access.
Can ATM withdrawals be traced? ›
Banks keep records of all ATM transactions, and police can use that information to track the user's activity.
Can I put a tracking device on my debit card? ›
In conclusion
Smart chips on credit and debit cards cannot be physically tracked.
Can thieves detect GPS trackers? ›
Criminals can now use their phones to steal cars, and there are even apps available to assist them in doing so. These apps detect GPS signals indicating a tracker might be in a vehicle, providing the same information they would get from a signal scammer.
Are GPS trackers detectable? ›
Radio frequency (RF) signal detectors are devices designed to identify and locate wireless signals, including those emitted by GPS trackers. Criminals may use these detectors to sweep an area and pinpoint the presence of tracking devices.
Does the US government control GPS? ›
Today, GPS is a multi-use, space-based radio-navigation system owned by the US Government and operated by the United States Air Force to meet national defense, homeland security, civil, commercial, and scientific needs.
If you find yourself at the receiving end of illegal tracking, it is advisable to seek professional help, such as mechanics or other electronic technicians, in finding the tracker and disposing it. You can also seek help from law authorities to find who placed the tracker there.
Can car thieves detect AirTags? ›
Since car thieves may check for AirTags before taking off with your car, it is best (if possible) to place more than one AirTag in different locations in your vehicle. This way, even if a thief finds and removes one AirTag, the second one can still help you track your vehicle.
Do all GPS trackers require a monthly fee? ›
In most cases, a GPS tracker will require a monthly subscription cost.
What are 3 limitations of GPS? ›
THREE LIMITATIONS This column will look first at the three par- ticular problem areas that have been identi- fied here: poor GPS signal reception, loss of GPS signal integrity, and limited positioning accuracy. We will also look at ways to over- come some of these limitations. or other obstacles very well.
Are trackers a security risk? ›
Most fitness trackers connect to your phone via Bluetooth. This means that potential security holes could allow hackers to access your information.
What can disrupt a GPS tracker? ›
Well, physical obstructions like tall buildings, dense forests, or mountains deeply affect GPS accuracy. The signals are blocked, and they bounce off the surface.
How can I track my ATM location? ›
Another way to track ATM transactions is through the instant SMS notifications you receive. Look for the short branch codes in the SMS sent by the bank to your registered mobile number. Using this short branch code, you can find out and trace the location of the ATM.
Do ATMs have surveillance? ›
Some ATMs have built-in cameras, but many do not. The large ATMs located in banks or credit unions usually have cameras.
Is it possible to track ATM? ›
Is It Possible To Track a Debit Card's Location? The short answer is no. You can't track a debit card as you would a phone or another GPS-enabled device. While they have numerous security measures, debit cards aren't equipped with a GPS chip or any other kind of technology that allows you to locate them remotely.
How do you tell if an ATM has a camera? ›
Small cameras are often attached to the ATM to get your PIN number after you enter your card. Cameras may be hidden above the PIN pad, above the display screen, or in nearby structures, like a rack or shelf. If you see a small pinhole drilled into the ATM, be careful, as it could be a small camera.
