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October 17, 2019 08:11 pm

Malware That Spits Cash Out of ATMs Has Spread Across the World

A joint investigation between Motherboard and the German broadcaster Bayerischer Rundfunk (BR) has uncovered new details about a spate of so-called "jackpotting" attacks. From a report: A joint investigation between Motherboard and the German broadcaster Bayerischer Rundfunk (BR) has uncovered new details about a spate of so-called "jackpotting" attacks on ATMs in Germany in 2017 that saw thieves make off with more than a million Euros. Jackpotting is a technique where cybercriminals use malware or a piece of hardware to trick an ATM into ejecting all of its cash, no stolen credit card required. Hackers typically install the malware onto an ATM by physically opening a panel on the machine to reveal a USB port. In some cases, we have identified the specific bank and ATM manufacturer affected. Although a European non-profit said jackpotting attacks have decreased in the region in the first half of this year, multiple sources said the number of attacks in other parts of the world has gone up. Attacked regions include the U.S., Latin America, and Southeast Asia, and the issue impacts banks and ATM manufacturers across the financial industry. "The U.S. is quite popular," a source familiar with ATM attacks said. Motherboard and BR granted multiple sources, including law enforcement officials, anonymity to speak more candidly about sensitive hacking incidents.

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