New York Consumer Law Blog

Tuesday, August 14, 2018

FBI warns banks about potential ATM hacking scheme

The FBI is warning financial institutions that their ATMs could be targeted in a hacking attempt.

The threat was reported Sunday by Krebs On Security, a popular cybersecurity blog run by the journalist Brian Krebs.

Krebs reported that the scheme is known as an "ATM cash-out," which means the attackers can hack a bank or payment card processor and use stolen information to withdraw large sums of money at ATMs worldwide. His report cited a confidential alert the FBI shared with banks last Friday.

 

https://money.cnn.com/2018/08/13/news/companies/atm-cash-out-fbi-warning/index.html


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