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FBI warns of imminent cyberattack on ATMs

FBI has warned banks that criminal gangs are planning hack of ATM networks

FBI warns of imminent cyberattack on ATMs
The FBI has warned banks that a major attack on ATMs is expected soon.

The FBI is warning that cyber crime gangs are planning a major attack against ATMs in the near future.

A confidential FBI advisory to banks warns that a co-ordinated ‘ATM cashout' attack is expected "in the coming days".

The leaked advisory was disclosed on the website of security expert Brian Krebs, which advises banks to revise protocols and monitor their networks.

ATM cashout attacks usually involve a hack on a bank or on a card payment processing agency, which allows gangs to use cloned cards to withdraw unlimited cash from ATMs. Previous attacks have seen large numbers of cloned cards used in synchronisation across many different locations, as criminals attempt to extract the maximum amount of cash from compromised cash points.

Attacks often take place over a weekend or public holiday, to give attackers the maximum amount of time to withdraw cash before banks notice something is wrong.

The FBI memo said that the attack is likely to use a currently unknown card issuer breach.

In 2013, banks in the UAE and Oman lost nearly $45m to a co-ordinated attack on ATMs in 27 countries.

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