Developing Safeguards to Combat the Rise of ATM Malware

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ATM is one of the great convenience of this modern financial age. However, ATMs have been plagued with increased attacks as criminals are exploiting hardware and software vulnerabilities to exploit ATMs to obtain large sums of cash.A Trend Micro andEuropol2017 Report[1] highlighted that the use of ATM malware has evolved significantly as the scope and scale of these attacks have grown. This latestdevelopment is attributable to several factors, such as:


ATM malware includes either physical-based attacks or network-based attacks. In recent times, security analysts have been reporting more network-based attacks. Both forms of attack aim to empty the case safe (“jackpotting”), log the customer card transactions (“virtual skimming) or both. A few notable examples of ATM malware include [3]:

These developments have significant implications for the financial services market, especially since it is forecasted that ATM malware attacks will continue to rise. Comprehensive and responsive security solutions to minimize network vulnerabilities and risks and to reduce financial losses are therefore paramount.Consequently, organizations need to take steps to secure their ATMs at both the physical, network and application layers. Additionally, organizations should undertake to:

Wilson Consulting Group (WCG) provides a range of services to assists organizations in securing their networks, ATMs and financial assets and minimizing risks and exposure. WCG helps in:

Let us assist you in safeguarding your ATM network and improving your security posture.

[1]Cashing in on ATM Malware, A Comprehensive Look at Various Attack Types – Trend Micro and Europol 2017 Report

[2]K. Zykov, ATM malware being sold on the darknet, www.securelist.com

[3]Cashing in on ATM Malware, A Comprehensive Look at Various Attack Types – Trend Micro and Europol 2017 Report

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