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Beware! 3 out of 5 ATMs in India use outdated technology, prone to hacking

The worrying fact is cash loaders don't use the 'one-time combination' method, which is akin to OTP

Fake currency, Children Bank of India, SBI, Fake, Currency, ATM
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Fake notes of ~2000 which were dispensed by an SBI ATM in south Delhi on Wednesday Photo: PTI

BS Web Team New Delhi
Post-demonetisation, all ATMs across the country were recalibrated to dispense the new Rs 2,000 and Rs 500 notes. However, security issues are a prime concern, as many ATMs still rely on outdated technology.

Three out of five ATMs in India use outdated technology and lack basic security features, a Hindustan Times report said. 

Generally, cash is loaded in ATMs by logistics companies and not banks. These companies transport the currency notes from bank currency chests to branches and ATMs and maintain the machines too.  

The worrying fact is cash loaders do not use the "one-time combination"