- Nov 8, 2009
And that's why I don't use an ATM
It seems like every single week we hear of a new major security breach, or data dump, or record-setting DDoS attack, all of which highlight the important role of cyber security in our online world. Today, a new attack is in the news, though it seems to have been inspired by movies: hackers are attacking ATMs and making them “spit money”.
The BBC is reporting on news from a Russian security company, Group IB, which is warning that attackers have compromised banks’ internal systems. By infecting systems with malware, attackers were able to somehow get control of a large number of ATMs in various parts of Europe and Asia. Once that’s achieved, a coordinated attack is carried out where “money mules” wait next to affected ATMs and quickly abscond with the cash that’s “spat out” by the machine.