The FBI is warning banks to guard against possible attacks on ATMs.<\/b>
\nThe FBI is warning banks to guard against possible attacks on ATMs.
The blog Krebs on Security reports a network of cybercriminals is plotting a global scheme called \u00ab\u00a0ATM Cashout.\u00a0\u00bb
That’s where hackers break into a bank or payment card processor and use fake cards to withdraw millions around the world. They often target small-to-medium size financial institutions that don’t have the best cybersecurity.
Krebs cites a confidential FBI alert that the scheme could be carried out in coming days. The confidential alert states:
\u00ab\u00a0The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation.'\u00a0\u00bb
Krebs has reported on this type of ATM hacking before. They previously broke the story about a $2.4 million ATM hacking heist from accounts at the National Bank of Blacksburg in Virginia in two incidents between May 2016 and January 2017.
\u00ab\u00a0Organized cybercrime gangs that coordinate unlimited attacks typically do so by hacking or phishing their way into a bank or payment card processor,\u00a0\u00bb Krebs reports. \u00ab\u00a0Just prior to executing on ATM cashouts, the intruders will remove many fraud controls at the financial institution, such as maximum ATM withdrawal amounts and any limits on the number of customer ATM transactions daily.\u00a0\u00bb
More about the warning here.
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