The Effects of Cybercrime on ATMs and Tips to Avoid It - GoldStar ATM

Cybercrime is one of the most common ways for thieves to steal your information, identity, and money. Nowadays, people who sit behind their computer screen stealing other people’s information have begun to target ATM machines. Hackers view these machines as easy targets to access cash.

Today, we are going to share with you the effects of cybercrime on ATM machines and some tips to help you avoid it.

The Cash-Out and Jackpot Attack on ATM Machines

One of the most common types of cybercrime hacks on ATM machines is known as a cash-out or jackpot attack. Hackers install malware in the ATM machine through the server it is networked to, which then enables them to direct the ATM machine to dispense its entire stock of cash.

Just as ATM machines have progressed in terms of technology and quality, so has ATM machine malware. ATM machine malware has become more sophisticated, making it even more difficult for the average person using the ATM machine to detect it.

One advanced form of ATM malware directs the ATM machine to show an “out-of-order” sign. The hacker using a few key skills proceeds to empty the ATM machine and delete the malware to erase any evidence linking the theft to them.

Can the ATM Machine Malware Attacks Get Any Worse?

Yes, they can. In fact, they already have been getting worse and more sophisticated with time. For instance, an incident in Bangkok, Thailand occurred where the government lost THB 12 million in an ATM machine theft.

Ripper, the name of the ATM malware, was made by expert hackers who were later identified, but it is not known if they were caught. In another incident in Japan, hackers withdrew 300 million yen using credit cards from Standard Bank South Africa.

What Are Some Tips to Avoid This Happening to You?

If you are thinking of installing an ATM machine at your location, you should install an one from a supplier who offers you the most up-to-date payment security options. You want to install an ATM machine that offers you, and its users, the maximum security against theft.

Most importantly, always have a camera on your ATM machine to know who is using the ATM machine. In the event of a theft, you can use the camera to identify and catch the perp who did it.

If you’re looking for a supplier that offers your state-of-the-art ATM machines, get in touch with us today!

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