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Hackers use malware attacks to steal cash from more than 50 ATMs

Another incident where technology is being misused by people and causing trouble for the banking sector. The security experts in Eastern Europe have reported that hackers are behind the cash thievery of ATMs. They launched malware program attacks to steal cash from the machines and loot banks with the help of technology. The malware program is called Tyupkin, which is used by cyber criminals to get your pin and steal cash.atm-cash-withdrawal

Automated teller machines are being robbed every single day and more that 50 ATM’s are infected. ATM Trojan and malware are continuously being reported, but the incidents have been increasing in Russia and Eastern Europe. All this is being attributed to a leaked programming manual, which was utilized by these hackers to develop the malware programs. The manual had details about the machines including the physical components and information on how to interact with them.

Researchers at Kaspersky and Symantec are continuously analyzing the code of the programs used to steal cash. Their observation tells a whole new story. The malware is designed to target a particular library, Extension for Financial Services (XFS) that is native to the automated teller machines. Thus, hackers were able to get access to the PIN pad with the help of this library’s API. The banks are suffering from losses and cash is being stolen easily.

Cash machines are therefore serving the hackers who can withdraw cash anytime they please. Security experts are trying to get rid of the malware and telling the banks to upgrade the operating systems and security system of their ATMs.

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About Sara Rose

She has spent the past 4 years playing the role of an IT consultant, and has now joined The Next Digit as a full time blogger. Her current profession is a result of her deep experience in computer gadgets, laptops, gaming accessories and other tech updates.

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