ATM “jackpotting” — the installation of malicious software and hardware onto ATMs — has finally hit the U.S. for the first time.
Here’s what we know about the latest cyber crime wave and how to protect yourself as a consumer:
What is ATM jackpotting?
ATM jackpotting, also known as “logical attacks,” simply means that cyber thieves physically install malware onto ATMs, giving them control over how much money gets dispensed at any given time.
The malware installers have been clever, using endoscopes (narrow, tube-like medical devices with cameras on the ends typically used to see inside the human body) to look inside each ATM. Once they find a place to attach a computer cable, they sync their laptops to the machine’s computer, according to the website run by Brian Krebs, an independent security expert.