Beware Of The Recent Wave Of Malware Attacks On ATMs: ‘JACKPOTTING’

Imagine for a while that on a pleasant, sunny morning you inject your ATM card into the machine and a message pop-out on the screen—“Ho-ho-ho! Let’s make some cutlets today!” And suddenly after that, a stream of cash flows out of the machine until it is left with nothing. A nightmare similar to it happened to a bank employee in the city of Freiburg, Germany.

On the internet, people are calling it ATM ‘jackpotting’ attack, for the obvious reason—it resembles how a jackpot works.

More and more ATM machines are becoming vulnerable to attacks as hackers are becoming more sophisticated in their craft. The most cited reason for their success is the weak security and outdated software of ATM machines. The problem is pervasive around the whole world; and for now, the banks seem to be completely defenseless in preventing such attacks from happening.

How does it work?

The attack works effortlessly with a 1000$ Russian software. All one needs to do is to install it through the direct access point on the ATM via a USB outlet. The malware takes care of the rest. Around Europe, the miscreants have been using such software to wreak havoc.

It may seem, for now, limited to Europe only, but ATM machines all over the world are vulnerable to it. On the part of law-enforcement agencies, there is an immediate need to expedite the counter efforts.

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