Makers of ATMs Warn of Hacks on U.S. Machines

By Kashish Ambekar - Last Updated on February 1, 2018
Makers of ATMs Warn of Hacks on U.S. Machines

An Ohio-based ATM manufacturing firm is cautioning banks about a hacking alert that tells ATMs to dispense cash in a procedure called jackpotting. Diebold Nixdorf Inc and NCR Corp, two of the world’s biggest ATM creators, have cautioned that digital crooks are focusing on U.S. cash machines with instruments that can make them release money. The two ATM producers did not reveal any victims, or say how much cash had been lost. Jackpotting has been rising worldwide lately, but it is unclear how much money has been stolen since police usually don’t reveal details about ongoing investigations.

“This represents the first confirmed cases of losses due to logical attacks in the US. This should be treated as a call to action to take appropriate steps to protect their ATMs against these forms of attack and mitigate any consequences,” said a Secret Service memo.

A classified U.S. Secret Service alert sent to banks said the programmers focused on ATMs usually situated in drug stores, big box retailers, and drive-through ATMs, Krebs on Security reported. Diebold Nixdorf’s alarm showed steps that offenders had used to hack ATMs. They include increasing physical access, supplanting the hard drive, and using a modern endoscope to discourage an inside button required to reset the gadget.

NCR said in a Friday alert that the cases were the first confirmed jackpotting losses in the United States. Its equipment had not been targeted in the recent attacks, but that it was still a concern for the entire ATM industry. This should be treated by all ATM manufacturers as a call-to-action to take appropriate steps to protect their ATMs against these forms of attack, the alert said.

Whichever strategy is used, the outcomes are about the same. Russian digital security firm Group IB has announced that digital criminals remotely assaulted trade machines out more than twelve nations over Europe in 2016. Comparable assaults were additionally revealed that year in Thailand and Taiwan.

Kashish Ambekar | Kashish moved to the United Arab Emirates from London after he graduated from UEL with a Masters of Business Administration specializing in Finance. Money smelled good, although tipping in rubies was a fortune in Dubai, which he couldn’t afford, let alone implement. India happened naturally by birth and the ever developing market proved no bounds in almost every Industry. The art of writing came naturally to him, short stories to professional articles in lieu of being therapeutic once, to a full time content writer. Currently he freelances as a content writer and is extremely devoted as his thoughts have found a way to be penned for technology in support to TechFunnel.com.

Kashish Ambekar | Kashish moved to the United Arab Emirates from London after he graduated from UEL with a Masters of Business Administration specializing in Finance...

Related Posts