Posted by & filed under Cyber Security.

Two Venezuelan men went on a crime spree through Colorado, Idaho and Utah, cracking into seven ATMs and using software to trick the machines into spitting out as much as $98,000 at a time.  The alleged crooks used a technique common in Latin America and Europe but very new in the U.S. called “jackpotting.” Thieves use a key or violently crack open the exterior of an ATM and then insert software into the machine’s computer hard drive instructing it to purge all of its cash.

Source: Denver Post

Date: February 9th, 2018

Link: https://www.denverpost.com/2018/02/09/atm-jackpotting-colorado/

Discussion

1) What physical steps can a bank take to stop “jackpotting”?

2) What logical (as in within the ATM software code) can a bank take to stop “jackpotting”?

 

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