Feeds

Russian security start-up kits up 30,000 state bank ATMs, terminals

Creating cash from chaos

SANS - Survey on application security programs

Cash machine crime has created a new market for start-up Russian security firm SafenSoft.

The firm has persuaded fberbank, the former Soviet-era state bank, to roll out SafenSoft's TPSecure ATM software to 30,000 cash machines and point of sales terminals across Russia. The technology is designed to preserve system integrity on unattended devices through a mixture of white-listing, behavioural analysis and privilege control techniques.

Applied properly, the technology can help protect against either the introduction of rogue software onto ATMs or fraud by maintenance crew personnel. The technology makes no attempt to combat the use of ATM skimmers, hardware devices affixed in front of card acceptance slots on cash machines.

ATM skimmers are typically used in conjunction with cameras in order to capture both plastic card details and associated PINs, data recovered or sent to fraudsters for subsequent fraud, typically involving the creation of counterfeit cards.

Other forms of fraud involving either trying to load backdoor code onto ATMs or tricking machines into dispensing $50 bills but recording only the withdrawal of $10 notes have also been developed by fraudsters. SafenSoft's technology is designed to foil these types of scams. The same technology also works on point-of-sale and kiosk devices.

Michael Kalinichenko, SafenSoft chief exec and co-founder, told El Reg that the technology protects against the misuse of removable media to extract data from ATMs as well as threats created by malware.

By taking advantage of Windows technology and moving away from proprietary networks so that ATMs are now directly connected to the internet, the banking industry has created a market for SafenSoft that didn't previously exist. "Connecting ATMs to the internet allows banks to offer more services and other opportunities, but it has also created a new market for security technology," Kalinichenko explained.

Banks – at least in Western Europe – take pains to insist their systems have built-in integrity, the reason why they often go to great lengths in fighting disputed transaction (phantom withdrawal) claims. Kalinichenko admitted that this stance might hamper SafenSoft's sales opportunities in Western Europe, at least, though he is optimistic about selling its technology to banks in emerging markets, such as Brazil. The firm is also partnering with payment terminal providers.

SafenSoft has also developed security products for corporate networks (SysWatch for enterprises) and home users (SafenSec) that compete against comparable offerings from Kaspersky Labs, Trend Micro, McAfee and others. ®

High performance access to file storage

More from The Register

next story
Parent gabfest Mumsnet hit by SSL bug: My heart bleeds, grins hacker
Natter-board tells middle-class Britain to purée its passwords
Obama allows NSA to exploit 0-days: report
If the spooks say they need it, they get it
Mounties always get their man: Heartbleed 'hacker', 19, CUFFED
Canadian teen accused of raiding tax computers using OpenSSL bug
Samsung Galaxy S5 fingerprint scanner hacked in just 4 DAYS
Sammy's newbie cooked slower than iPhone, also costs more to build
Snowden-inspired crypto-email service Lavaboom launches
German service pays tribute to Lavabit
One year on: diplomatic fail as Chinese APT gangs get back to work
Mandiant says past 12 months shows Beijing won't call off its hackers
Call of Duty 'fragged using OpenSSL's Heartbleed exploit'
So it begins ... or maybe not, says one analyst
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.