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Bank Servers Hacked to Trick ATMs into Spitting Out Millions in Cash

Bank Servers Hacked to Trick ATMs into Spitting Out Millions in Cash

Oct 03, 2018
The US-CERT has released a joint technical alert from the DHS, the FBI, and Treasury warning about a new ATM scheme being used by the prolific North Korean APT hacking group known as Hidden Cobra . Hidden Cobra, also known as Lazarus Group and Guardians of Peace, is believed to be backed by the North Korean government and has previously launched attacks against a number of media organizations, aerospace, financial and critical infrastructure sectors across the world. The group had also reportedly been associated with the WannaCry ransomware menace that last year shut down hospitals and big businesses worldwide, the SWIFT Banking attack in 2016, as well as the Sony Pictures hack in 2014. Now, the FBI, the Department of Homeland Security (DHS), and the Department of the Treasury have released details about a new cyber attack, dubbed " FASTCash ," that Hidden Cobra has been using since at least 2016 to cash out ATMs by compromising the bank server. FASTCash Hack...
This ATM Hack Allows Crooks to Steal Money From Chip-and-Pin Cards

This ATM Hack Allows Crooks to Steal Money From Chip-and-Pin Cards

Aug 05, 2016
Forget about security! It turns out that the Chip-and-PIN cards are just as easy to clone as magnetic stripe cards. It took researchers just a simple chip and pin hack to withdraw up to $50,000 in cash from an ATM in America in under 15 minutes. We have been told that EMV ( Europay, MasterCard and Visa ) chip-equipped cards provides an extra layer of security which makes these cards more secure and harder to clone than the old magnetic stripe cards. But, it turns out to be just a myth. A team of security engineers from Rapid7 at Black Hat USA 2016 conference in Las Vegas demonstrated how a small and simple modifications to equipment would be enough for attackers to bypass the Chip-and-PIN protections and enable unauthorized transactions. The demonstration was part of their presentation titled, "Hacking Next-Gen ATMs: From Capture to Washout," [ PDF ]. The team of researchers was able to show the audience an ATM spitting out hundreds of dollars in cash. Here...
Protecting Your Software Supply Chain: Assessing the Risks Before Deployment

Protecting Your Software Supply Chain: Assessing the Risks Before Deployment

Feb 11, 2025Software Security / Threat Intelligence
Imagine you're considering a new car for your family. Before making a purchase, you evaluate its safety ratings, fuel efficiency, and reliability. You might even take it for a test drive to ensure it meets your needs. The same approach should be applied to software and hardware products before integrating them into an organization's environment. Just as you wouldn't buy a car without knowing its safety features, you shouldn't deploy software without understanding the risks it introduces. The Rising Threat of Supply Chain Attacks Cybercriminals have recognized that instead of attacking an organization head-on, they can infiltrate through the software supply chain—like slipping counterfeit parts into an assembly line. According to the 2024 Sonatype State of the Software Supply Chain report , attackers are infiltrating open-source ecosystems at an alarming rate, with over 512,847 malicious packages detected last year alone—a 156% increase from the previous year. Traditional sec...
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