Javelin report: ATM attacks evolving

Javelin report: ATM attacks evolving
Tags: Bank Security, Security, Trends / Statistics
April 7, 2010

SearchFinancialSecurity.com reports that ATM attacks are evolving from basic skimming into attacks on ATM software and ATM networks, fraudulent mobile alerts, and account takeover via stolen information and call centers, according to a report by Javelin Strategy & Research:

Traditional skimming is being replaced by more sophisticated attacks as criminals have become more organized and global, said Robert Vamosi, analyst at the Pleasanton, Calif.-based research firm and author of the report. 'Now what we're seeing is use of malware inside the ATMs or somewhere along the ATM network that takes the same data and gives it to the criminals.'