We’ve all heard about hackers and cyber criminals gain access to credit card information and debit cards through scouring online bank accounts or hijacking PCs for money, but there are ways to reverse unauthorized funds and block access when a breach has been detected. It’s much harder to recover cold, hard cash.
Thanks to a new form of malware called Backdoor.MSIL.Tyupkin, criminals can now steal up to 40 notes of currency from the ATM. This malware had first been discovered in Eastern Europe but now has popped up in China, India, and even the U.S. While criminals need physical access to the machine to upload the malware, but after it is installed a hacker only needs to put in a two-digit code in order to get free cash in hand.
How can this crime be curbed? What steps should banks take in order prevent their ATMs from being compromised? Read here for more information and possible solutions.