Aug 19, 2018

No Card Required: ‘Black Box’ ATM Attacks Move Into Europe

Posted by in categories: business, cybercrime/malcode

Fraudsters are now gingerly testing the waters in central and Western Europe with attacks that drain cash machines of their funds, according to a trade group that studies criminal activity around ATMs.

See Also: How to Combat Targeted Business Email Compromise Attacks

The European Association for Secure Transactions, or EAST, says the attacks, sometimes referred to as “jackpotting,” rose 231 percent in 2017 compared to 2016. Last year, 193 incidents were reported compared to 58 in 2016.

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