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Hackers have remotely breached ATM machines in over 12 countries in Europe in 2016 alone.
The hackers are employing a malicious programme that forces ATM machines to give cash, says Russian cyber security company Group IB.
The European heists come after the breach of ATM machines in Thailand and Taiwan; incidents that were reported widely during the summer.
Group IB has not disclosed the name of the banks involved, but said that the individuals concerned were based in Malaysia, Britain, Spain, Russia, Romania, Poland, the Netherlands, Moldova, Kyrgyzstan, Georgia, Estonia, Bulgaria, Belarus, and Armenia.
NCR Corp and Diebold Nixdorf, the two biggest ATM makers in the world, said that they had full knowledge of what has been going on and have been cooperating with customers in order to resolve the issue.
Director of ATM security and core software at Diebold Nixdorf, Nicholas Nillett, said:
“They are taking this to the next level in being able to attack a large number of machines at once.
“They know they will be caught fairly quickly, so they stage it in such a way that they can get cash from as many ATMs as they can before they get shut down.”
Cyber crime has become a highly pervasive problem, with ATM machines, mobile devices, and computers all proven to be susceptible to cyber threats. The two ATM makers may need to create cyber security jobs to improve their ability to deal with such breaches should they happen again. Realistically, businesses of all kinds need to be thinking along the same lines.
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