Browse Definitions :
Definition

ATM jackpotting

Contributor(s): Matthew Haughn

ATM jackpotting is the exploitation of physical and software vulnerabilities in automated banking machines that result in the machines dispensing cash.

With physical access to a machine, ATM jackpotting enables the theft of the machine’s cash reserves, which are not tied to the balance of any one bank account. Thieves who are successful and remain undetected can walk away with all of the machine’s cash.

The culprits use a portable computer to physically connect to the ATM along and use malware to target the machine’s cash dispenser. In this bold public approach, an attacker will often use deception and weaker targets to limit risk, like dressing as service personnel to avoid scrutiny. Stand-alone ATMs in retail and service outlets are more likely targets, away from a bank’s tighter monitoring and security. Older machines, which may not be fully up to date, are also common targets. ATM owners are encouraged to apply all available updates.

A rash of ATM jackpotting broke out in Latin America in 2017. Following that, attacks were seen in Europe, Asia and the United States in 2018. In the United States, the attacks resulted in the theft of over a million dollars. U.S. intelligence agencies warned about the threat, noting that guides outlining the process have been discovered on the dark web.

This was last updated in March 2018

Continue Reading About ATM jackpotting

Start the conversation

Send me notifications when other members comment.

Please create a username to comment.

-ADS BY GOOGLE

File Extensions and File Formats

SearchCompliance

  • risk management

    Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings.

  • compliance as a service (CaaS)

    Compliance as a Service (CaaS) is a cloud service service level agreement (SLA) that specified how a managed service provider (...

  • data protection impact assessment (DPIA)

    A data protection impact assessment (DPIA) is a process designed to help organizations determine how data processing systems, ...

SearchSecurity

  • spyware

    Spyware is a type of malicious software -- or malware -- that is installed on a computing device without the end user's knowledge.

  • application whitelisting

    Application whitelisting is the practice of specifying an index of approved software applications or executable files that are ...

  • botnet

    A botnet is a collection of internet-connected devices, which may include PCs, servers, mobile devices and internet of things ...

SearchHealthIT

SearchDisasterRecovery

  • business continuity plan (BCP)

    A business continuity plan (BCP) is a document that consists of the critical information an organization needs to continue ...

  • disaster recovery team

    A disaster recovery team is a group of individuals focused on planning, implementing, maintaining, auditing and testing an ...

  • cloud insurance

    Cloud insurance is any type of financial or data protection obtained by a cloud service provider. 

SearchStorage

  • DRAM (dynamic random access memory)

    Dynamic random access memory (DRAM) is a type of semiconductor memory that is typically used for the data or program code needed ...

  • RAID 10 (RAID 1+0)

    RAID 10, also known as RAID 1+0, is a RAID configuration that combines disk mirroring and disk striping to protect data.

  • PCIe SSD (PCIe solid-state drive)

    A PCIe SSD (PCIe solid-state drive) is a high-speed expansion card that attaches a computer to its peripherals.

Close