December 16, 2016

Cobalt: How Criminals Hacked ATMs

Image: redspotted | Flickr

Following an extensive investigation, cyber security company Positive Technologies has today revealed how hackers were able to steal the equivalent of £28,000 ($35,000), overnight, from six ATMs of an Eastern European bank. Its findings confirm that the theft could have been far worse as the technique used in the scam fortunately "clashed" with the financial institutions existing NCR ATM software, preventing the attackers from withdrawing further funds. It also warns that it’s likely that this group will soon become active in the West.