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Weaknesses in banks
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1. Introduction The following chapter will provide the introduction to the topic i.e. Bank Security and the problems associated with it. This chapter will also introduce with the Dissertation work i.e. “3 Tier Bank Security System”, which comprises project objectives, scope and organization of project report. 1.1 Project Background For a common human being the bank means a place which represents a top level of security. On a daily basis we are involved in banking transaction. To secure our expensive jewellery, important documents or cash, we use to use bank locker rooms. It has become an important part of our life. To survive in this competitive world and for a continuous growth, the banking industry needs to provide a high degree of security. Because of the public interest every day new branches are opening. The more number of branches required more security. In today’s technological world where everything is becoming autonomous, the banking area is not too far from it. Video surveillance [1] in moving areas has become a current topic of interest in computer vision technology. You can see all the branches are under the surveillance of CCTV cameras, alarm systems, emergency buttons etc. The CCTV cameras are used to monitor the unauthorized activity. It needs to be monitored continuously by a human being which is very difficult work; especially in nights. The alarm emergency button also needs to be pressed manually. This conventional system requires lot of man power. A system can be developed which will automatic detect unauthorized motion and inform to the security officials of the banks by different ways without any need of a human being. The 3 Tier Bank Security System fulfils all these requirements. A prototype of this secur... ... middle of paper ... ...l be activated which will generate and send a message, activates alarm and also upload the image on the webpage, so that the official who got the message can verify that what actually happens in the locker room area. 1.4 Scope of the Project The 3 Tier Bank Security System proposes a system which is able to provide security and safety to bank locker rooms on an effective way using the motion detection and control action. The access of the security system is restricted only to the bank official and it is normally placed in security rooms of the banks. The complete system properly communicates to each other using the assembly and network. The system not only monitors and controls but also it can generate proof for future investigation. The scope of the project provides guidelines for the security system developer to make the system most appropriate and effective way.
Every type of building, from a high tech research lab, to a grocery store and even private residences can gain a physical security advantage utilizing CCTV video surveillance to guard against theft and break-ins. CCTV is a great tool for the security professional. It records everything on hours of tape. All that transpires be it; a routine day, a theft or robbery, arguments between employees, irate customers etc. But with all types of CCTV systems on the market one must choose what best fits their needs. As noted by Baker & Benny (2013) “ when considering the design and selection of a video surveillance system, the physical security designer, user, or integrator needs to consider the individual needs of each use case and market with which he or she is working” (p. 123). As in the case of Stew Leonard’s Grocery store, their CCTV’s systems includes 500 cameras! That is a lot of video to review for theft investigations. In the situation concerning the monitoring of the Innsbrook Resort residential properties, the security firm wanted to reduce the amount of false alarms that were occurring and the associated time wasted responding to them (Purvis, 2012, para. 12). In both cases, the clients
This paper identifies several topics such as the type of protocols and cryptosystems used to complete online financial transactions, the development and implementation of Advanced Encryption Standard (AES), a fire control system in an automated server room, factors considered when converting general office space to a server room, and power systems in server rooms. Research indicates the use of secure hypertext transfer protocols and digital certificates for the use of online financial transactions. Additionally, AES provides:____. A fire control system requires_____. When converting general office space to a server room_____. Power options for server rooms __________.
JPMorgan Chase is one of the largest and best known banks in the banking industry. JP Morgan Chase is a global financial service firm with operations in over 50 countries. With a CEO who is known as one of the banking industries top leaders it is obvious why they are in the top 10 of the fortune 500. Although JP Morgan Chase bank is one of the leaders in the industry I believe they are a long way away from being the most innovative bank around. Banks can be one of the most targeted locations for robberies which is why I find it important for them to protect their customers and themselves. Utilizing computerized bankers would be a good start to safety within their branches. Money should not be kept on the floor of any bank to avoid unnecessary situations.
Robberies are frequent throughout the U.S., and we deal with them with security and police officers. But what if you, or your family, was in a bank robbery, and the security there isn’t meant to fight robbers, but alert you it’s taking place? Since 2005, Lifelock has been the lead provider of anti-identity fraud services for customers around the United States and throughout North America. The company has over 4.4 million clientele all being protected by its state of the art, patented technologies, that analyze your patterns and alert you of anything that seems to be out of the ordinary and stops it dead in its tracks until you approve or disapprove. Since 2016, Lifelock was named as one of the best anti-identity
According to Ces Company, PENCO SmartLocker™ utilizes computerized identification technology to grant or restrict access to lockers in a manner consistent with the operational policies of owners and administrators of the lockers. The system can be designed to have lockers assigned to individuals on a permanent or temporary basis. Lockers are networked via computer to a central administrative office, where usage can be monitored and access controlled. The SmartLocker™ system is custom designed to meet the individual needs of the owner or organization
Surveillance is the monitoring of behaviour. In addition, surveillance system is the process of monitoring the behaviour of people, objects or processes within systems for conformity to expected or desired norms in trusted systems for security control (Cohen and Medioni, 1999). Video surveillance systems have existed 25 years ago whereby it started with 100% analogue system and gradually becoming digital system. The closed-circuit television (CCTV) camera is the most popular video surveillance because of its reliability and low price. The camera does not broadcast images but it records them, so that user can always check to see what occurred while they were away. It is widely used at public spaces and residences for security purposes.
Cameras are used practically everywhere for security purposes especially within banks, buildings, governments offices, open
Abstract- In this paper the method face Recognition is using to access Automated teller machines (ATMs). ATMs are used to do banking function like checking balance withdraw money, changing pin numbers etc. The ATM cards and pin numbers are used for security purpose. But this system is using SIM card in place of ATM cards. In order to improve security the system first authenticate the person if he/she is recognized then it will ask the password of the account. This system used Spartan 3 FPGA board to control the system. One buzzer is connected on the FPGA board which gives instructions to the user to access the Account. If the person is not authenticated then the process is terminated and the output is show on FPGA board with the help of LEDs.
The industry is composed by a continuum of banks which produce a homogenous product — banking service. Domestic as well as foreign competition is violent. Not to forget the fact that ICBC has not been the first bank to embrace internet banking. So, it is all the more reason which places the bank in the most precarious position to continuously shield it self from the volleying competition.
This project makes use of a microcontroller-based circuitry for decision making such as password checking and device control. The microcontroller used here is microchip make PIC series IC 16F870.
Ishiguro, K., & Hunng, R. (2011). Implementation of a Wireless Communication Technologies Based Home Security System, IEEE
This system helps all of these banks provide financial secrecy which is that only you and your banker would legally be allowed to know the financial activity within your account. The financial secrecy, completely different from financial privacy, includes many regulations to maintain this asset of secrecy. For example, many banks would n...
This is followed in section 5 by an analysis of the recent changes in the banking industry. With the development of the financial system, declining entry barriers and the deregulation of the banking industry make banks no longer the monopoly suppliers of banking services and reduce their comparative advantages which they usually hold in the past. Whether the reasons give rise to the existence of banks are still powerful will be examined here, while section 6 offers a way of considering whether banks are declining by looking at the value added by the banks. When the value added by banks is examined, banks are not a financial intermediation, which not only conduct the traditional services but also provide more diversified
Banks sector is playing an important role in economies. The banking industry, as the classic and the most influential of financial intermediaries, facilitates economic operations. Financial sector in the worldwide country has been changes over these years by looking the changes of financial structure environment and economic conditions. Thus, banks are a very important point to financial system and play an important role as control and contribute growth to the economic sector.
Communication modern technological tools that have been enhanced by Information Technology are having an impact on changing the very structure and communication of banking. That is, clients are enabled to make their banking transactions whenever and wherever they want. Bank clients, by just logging on their online account, can transfer any amount of money from their account to any other account, check their last processed banking transactions and apply for loans and other banking services. According to Keyes ( 2000, p.591) 'electronic checks provide consumers with the benefits of convenience and safety while allowing billers to maintain their existing depository relationships with their banks'. Further, e-mails has enabled bank employees to notify their customers of any new enhanced bankin...