ATM Security Increased Following FBI Warning

ATM Security Increased Following FBI Warning

Banks are on alert after the FBI warned of a new potential threat.

U.S. banks are increasing ATM security following a warning from the Federal Bureau of Investigations about new potential threats.

"The FBI routinely advises private industry of various cyber threat indicators observed during the course of investigations," Lauren Hagee, an FBI spokesperson said. "This data is provided in order to help systems administrators guard against the actions of persistent cyber criminals."

The new potential threat involves breaching software to alter how much cash can be withdrawn from an ATM machine. A cash withdrawal breach can occur in a bank's system, known as a "cash-out" or in the ATM's system, known as "jackpotting."

Cash-outs require a software breach at the bank level, and then the use of fake debit cards to withdraw the cash. Jackpotting requires scammers to install malware on the computer that governs the cash dispenser to tell it to release all of its cash. This usually means physically breaking into the machine. Both methods differ from most cybercrime in that they require in-person access to the machine. 

The FBI's warning is the latest challenge for banks as they work to protect themselves against physical and cyber attacks. Bank executives have been boosting cybersecurity budgets as the business gets increasingly digital, and consumer data becomes more vulnerable to more kinds of attacks.

 

About the Author

Sydny Shepard is the Executive Editor of Campus Security & Life Safety.

Featured

  • Live From ISC West 2023: Day 1

    ISC West 2023 in Las Vegas, Nevada, has officially begun! Make sure to keep an eye on Security Today’s ISCW Live 2023 page, as well as our associated Twitter accounts—@SecurToday and @CampusSecur—for the latest updates from the show floor at the Venetian Expo. Read Now

    • Industry Events
    • ISC West
  • It Happened Again

    Just yesterday (as of this writing), it happened again. A 28-year-old woman shot her way into a Christian elementary school in Nashville, Tenn., on Monday and killed three children and three adults, according to national news. AP News reports that the victims were three 9-year-old children, a top school administrator, a substitute teacher, and a school custodian Read Now

  • Let's Get to Work

    You are standing at the conference center doors just waiting to get into the exhibit hall. I know you are because I’m standing next to you. This week at ISC West has been three years in the making. Last year was encouraging, and here we are waiting for the Big Show. Read Now

    • Industry Events
    • ISC West
  • Using Modern Technology

    Using Modern Technology

    Workplace violence is a serious and growing challenge for many organizations — including those in the healthcare industry. Read Now

Featured Cybersecurity

New Products

  • HID Signo Readers

    HID Signo Readers

    HID Global has announced its HID® Signo™ Biometric Reader 25B that is designed to capture and read fingerprints in real-world applications and conditions. 3

  • QCS7230 System-on-Chip (SoC)

    QCS7230 System-on-Chip (SoC)

    The latest Qualcomm® Vision Intelligence Platform offers next-generation smart camera IoT solutions to improve safety and security across enterprises, cities and spaces. The Vision Intelligence Platform was expanded in March 2022 with the introduction of the QCS7230 System-on-Chip (SoC), which delivers superior artificial intelligence (AI) inferencing at the edge. 3

  • Dahua 2-Wire IP Video Intercom System

    Dahua 2-Wire IP Video Intercom System

    Dahua Technology is introducing a new line of expandable 2-wire IP video intercom solutions for the North America market. The New 2-wire IP video intercom is more advanced, cost effective, and designed to help businesses increase their security. 3