The Automated Teller Machine has always been a popular target for criminals looking to quickly steal cash. More than likely, you have heard of criminals robbing people who have just made a cash withdrawal, but there are a range of other things criminals can do to manipulate the ATM itself.
These attacks can range from subtle card skimming mechanisms to more brazen approaches such as removing the entire ATM using industrial equipment like a fork lift truck, exploding the ATM after filling it with gas, or even tunneling underground to penetrate the ATM from below.Read more
What do you need in order to withdraw cash from an ATM? First, you need to have a debit or credit card, which acts as a key to your bank account. Second, you must know the PIN code associated with the card; otherwise, the bank wouldn’t approve the transaction.
Finally, you need to have some money in your account that you can withdraw. However, hackers do things differently: they don’t need cards, PIN codes or bank accounts to get money. In reality, all they need is an ATM with some cash in it and a special piece of software. Earlier this year, at the request of a financial institution, experts performed a forensic investigation into a cyber-criminal attack that targeted multiple ATMs in Eastern Europe.Read more