ATM skimmer sentenced to 4 years after bank cameras, license plate readers captured crime spree

A U.S. judge sentenced a Romanian man who installed data-stealing devices on ATMs throughout New York City and New Jersey to more than four years in prison in what is only the latest example of scammers using crude technical methods to access victims’ bank accounts. District Judge Peter Sherian imposed the punishment Monday on Dorinel Trofin, a 47-year-old man who previously pleaded guilty to conspiracy to commit bank fraud. Bank surveillance cameras and police license plate readers placed Trofin and a partner at dozens of locations where ATM skimmers were found. As part of a fraud ring, Trofin and his associate, Ionut Parachiv, would install hidden card-reading machines on popular ATMs, copying customers’ information and then withdrawing cash from the same accounts later. The pair also installed pinhole cameras in the cash machines to capture customers’ personal identification numbers. The effort affected more than 1,000 people and involved more than […]

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Glory partners with Paysafe to improve access to the digital economy for consumers

Glory and Paysafe announced they have entered into a strategic partnership to further improve access to the digital economy for consumers with limited access to mainstream electronic payments. For the estimated 2 billion people globally who remain unba… Continue reading Glory partners with Paysafe to improve access to the digital economy for consumers

Combating the virtual and physical threats banks face

The banking sector has always been at the center of criminal attention. Today, banks must contend with near-constant cyber attacks from organized criminal gangs, as well as highly skilled and well-resourced threat actors working on behalf of nation-sta… Continue reading Combating the virtual and physical threats banks face

ATM cash-out: A rising threat requiring urgent attention

The PCI Security Standards Council (PCI SSC) and the ATM Industry Association (ATMIA) issued a joint bulletin to highlight an increasing threat that requires urgent awareness and attention. What is the threat? An ATM cash-out attack is an elaborate and… Continue reading ATM cash-out: A rising threat requiring urgent attention

Jackpotting Reveals Openings in Proprietary Software

Jackpotting, an older ATM theft technique, could show security operations team members what to look out for when it comes to Internet of things (IoT) attacks in general, and even election machine vulnerabilities.  This technique first entered the U.S. cybersecurity lexicon in 2018, when Brian Krebs warned of attacks at American ATMs. Jackpotting, Krebs explains, […]

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ATM makers fix flaws allowing illegal cash withdrawals

ATM manufacturers Diebold Nixdorf and NCR have fixed a number of software vulnerabilities that allowed attackers to execute arbitrary code with or without SYSTEM privileges, and to make illegal cash withdrawals by committing deposit forgery and issuein… Continue reading ATM makers fix flaws allowing illegal cash withdrawals

Diebold ATM Terminals Jackpotted Using Machine’s Own Software

The company warned that cybercriminals are using a black box with proprietary code in attacks to illegally dispense cash across Europe. Continue reading Diebold ATM Terminals Jackpotted Using Machine’s Own Software

ATMs across Europe Are Hacked Using Purpose-Built Black Boxes

Diebold Nixdorf has issued a warning of a wave of jackpotting attacks against ATM in a number of European countries, with the vast majority directed at ProCash 2050xe USB terminals. Jackpotting attacks target ATMs to steal money from the machines. Othe… Continue reading ATMs across Europe Are Hacked Using Purpose-Built Black Boxes