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Risk & Fraud

Secret Service Warns of Surge in ATM ‘Wiretapping’ Attacks

“The U.S. Secret Service is warning financial institutions about a recent uptick in a form of ATM skimming that involves cutting cupcake-sized holes in a cash machine and then using a combination of magnets and medical devices to siphon customer account data directly from the card reader inside the ATM.”
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Risk & Fraud

U.S. Arrests 13, Charges 36 in ‘Infraud’ Cybercrime Forum Bust

“Started in October 2010, Infraud was short for “In Fraud We Trust,” and collectively the forum referred to itself as the “Ministry of Fraudulently [sic] Affairs.” As a mostly English-language fraud forum, Infraud attracted nearly 11,000 members from around the globe who sold, traded and bought everything from stolen identities and credit card accounts to […]
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Risk & Fraud

SMS Phishing + Cardless ATM = Profit

“A number of financial institutions are now offering cardless ATM transactions that allow customers to withdraw cash using nothing more than their mobile phones. But this also creates an avenue of fraud for bad guys, who can leverage phished or stolen account credentials to add a new phone number to the customer’s account and then use […]
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Risk & Fraud

ATM hacking report: Scenarios from 2018 ATM hacks

“The most important thing about ATM malware is not its inner workings, but the installation method. The first step for protecting banks and their clients is to identify potential infection vectors and vulnerable components. In this report, we will share the results of ATM security analysis performed by our company in 2017–2018, discuss different types […]
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Risk & Fraud

ATM Physical Attacks in Europe on the Increase

“EAST has just published a European Payment Terminal Crime Report covering 2018 which reports that ATM physical attacks have risen for the fourth consecutive year. ATM related physical attacks rose 27% when compared with 2017 (up from 3,584 to 4,549 incidents).  Within this total ATM explosive attacks (including explosive gas and solid explosive attacks) were down 3% (down from […]
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Risk & Fraud

A New Breed of ATM Hackers Gets in Through a Bank’s Network

“These system architecture improvements, combined with tailored monitoring to flag and block more fraudulent fund transfers, have inspired scammers to innovate in kind. In an attack on India’s Cosmos bank last August, hackers stole $13.5 million by infecting the bank’s ATM server with malware that retrieved customer information and their assigned SWIFT codes. Then they […]
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Risk & Fraud

Insert Skimmer + Camera Cover PIN Stealer — Krebs on Security

“Very often the most clever component of your typical ATM skimming attack is the hidden pinhole camera used to record customers entering their PINs. These little video bandits can be hidden 100 different ways, but they’re frequently disguised as ATM security features — such as an extra PIN pad privacy cover, or an all-in-one skimmer over […]
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Risk & Fraud

How Cash-Out Attacks Are Becoming the Next Big Worry for ATM Operators

“Payments executives are starting to go public with concerns about a growing type of ATM fraud call the cash-out attack. Unlike the well-known, single-machine attack known as jackpotting , cash-out frauds allow criminals to gain access to multiple machines simultaneously at the network level. They then employ accomplices to visit these machines to draw out […]