Fraud-Proof the ATM
Card skimming and ATM malware attacks are forcing banks to look at innovative ways of enhancing security and customer experience. The centralization of passwords, pins and ATM card numbers has led to major breaches and widespread account fraud from hackers who can obtain large scale access to personal credentials by attacking a single point of failure – the ATM.
In an effort to eliminate fraud, major banks are adopting decentralized authentication and moving towards a fully card-less experience powered by HYPR. Eliminating centralized passwords enables HYPR to remove the hackers’ primary target and provide a secure password-less authentication experience for your cardholders. By decentralizing user authentication, HYPR minimizes the risk of a breach, eliminates credential reuse, and sets the foundation for secure card-less ATMs.