Edition 1458
13 January 2018
Edition: 1458

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Government demands additional security on country’s ATMs

in Business · 22-12-2017 16:29:00 · 0 Comments

The Portuguese Internal Affairs Minister, Eduardo Cabrita, has told banks to improve their security measures on ATMs that are at a high risk of being robbed, and install an ink-staining system or risk a €30,000 fine, Portuguese newspaper ‘Diário de Notícias’(DN) reported on Friday.

Government demands additional security on country’s ATMs

The minister has given the banks 90 days to install the ink-staining system, and the high-risk machines are to be replaced until the end of 2018, the paper said.
There should also be a lower maximum-limit for the cash available in the ATMs and the no withdraws at night time are other additional security measure to be implement by the banks, the paper added.
The security measures decision was followed by negotiations between Eduardo Cabrita, the Portuguese Banking Association, the ATMs network management company SIBS and various police forces in Portugal.
Eduardo Cabrita is to arrange another meeting in mid-January next year with the banking representatives to make them present an execution plan regarding the measures demanded, the Portuguese newspaper added.
So dar this year, until the end of November 175 ATMs were blown up and nearly €2 million stolen, police sources stated.

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Edition 1458
13 January 2018
Edition: 1458

Read this week's issue online exactly as it appears in print.

Twitter