Vietnam banks want latest technologies against ATM theft

Vietnam's commercial banks want the latest technologies for security solutions for ATM cards due to the rising number of cases of ATM demolition and money theft.

The Hanoi Police believes that in order to deal with the crimes, it is necessary to apply the latest security solutions, such as using fingerprint-based identification system instead of the currently applied PIN code.

According to Nguyen Chinh Hung, Deputy Head of the Criminal Technique Division of the Hanoi Police, his division is building up technology solutions to protect ATMs. These include anti-theft devices like black boxes which receive information and treats urgent signals sent to it; the alarm system installed on ATMs’ covers and cash box; and the controller connecting with phones.

“With the support of the above said devices, if commercial banks cooperate with us, we will be able to fight effectively against money theft at ATMs,” Hung affirmed.

ATM card holders are not satisfied with the quality of service, complaining that they regularly meet trouble with ATMs. Especially, recently banks have witnessed new tricks of stealing money. With just simple tools, thieves have taken away hundreds of million dong.

Also Read

MoneyHero partners with BPI to expand credit card offerings

Millenials, Gen Z to lead fintech adoption in Southeast Asia by 2030

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit