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ATM-Based cyber attacks are continually evolving with much more advanced methods and functions, attackers continuously employ the number of sophisticated malware families to trick the ATMs to dispense cash. The first ATM skimmer malware designed to launch an attack on ATMs was spotted 10 years before. From the time of discovery, it has evolved to […]
A 43-year-old software manager of a Chinese bank managed to withdraw over 7 million yuan (more than $1 million) from ATMs of the same bank by exploiting a ridiculous loophole. According to the South China Morning Post, Huaxia Bank’s system didn’t properly record the withdrawals made around midnight — allowing it to vend out cash without deducting the amount […]
When you’re running Windows XP in today’s times, you shouldn’t expect your machine to fully bulletproof against different kinds of malware attacks. Now combine it with some poor implementation on an ATM machine that demands heavy security measures and you’ve got a recipe for disaster. A similar case has been spotted in Russia by an […]