ATM Hacks in 'More Than a Dozen' European Countries in 2016

Cybercriminals have hacked ATMs in more than a dozen countries in Europe this year using software that forces the machines to spit out cash, according to Russian cybersecurity firm Group IB. ZDNet adds: This type of attack, known as "jackpotting", is part of hackers' shifting focus from stealing card numbers and online banking details towards a more lucrative method that gives them access to both ATMs and electronic payments. The firm said attacks had successfully compromised banks in Armenia, Belarus, Bulgaria, Estonia, Georgia, Kyrgyzstan, Moldova, Poland, Romania, Russia, Spain, and the United Kingdom, as well as in Malaysia. However, the firm declined to disclose the banks' names. ATM makers Diebold Nixdorf and NCR Corp said that they are aware of the attacks, and have been working with customers to mitigate the threat. Dmitry Volkov, head of intelligence at Group IB said that he expects more heists on ATMs in the future.

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