E-surveillance market rises as banks boost security for branches, ATMs

Industry sources say that only around 40% of ATMs and 20% of bank branches are enabled with AI-led e-surveillance

Last month, an enterprising duo covered themselves in bedsheets, sprayed paint on the CCTV camera inside a kiosk and used a gas-cutter to hack into an ATM of Axis Bank in Bengaluru. Gas-cutters were also used to disgorge an ATM of State Bank of India in Roorkee in November 2023.

What emboldens folks to find new ways of pulling out cash from ATMs?

“The issue here is that a CCTV camera merely records what’s going on. From a security point, you will see a marked change. For instance, if you see someone up to mischief at an ATM, you