New Malware Enables Attackers to Take Money Directly from ATMs Tracy Kitten - BankInfoSecurity.com
go to original October 15, 2013

A group of ATMs in Mexico was recently targeted by a new malware strain known as Ploutus as part of an attack that allowed hackers to remotely manipulate the cash denominations the ATMs dispensed.

But while this new type of targeted malware attack against ATMs poses a serious fraud risk, skimming is still a far greater threat, security experts say. And many of the same tried-and-true security precautions should be applied to mitigate risks associated with both ATM threats, they say.

Most ATM compromises result from insufficient physical and network security, says Ryan Linn, a managing consultant at information security and compliance firm Trustwave. If locks used on the ATM's enclosure are easy to break or if network connections fail to encrypt ATM transaction data, then cardholder data is invariably at risk, he says.

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