Fox Business: Federal regulators on Wednesday issued a warning to banks that an increasing number of cyber-attacks are targeting ATM machines.
The attacks, which the U.S. Secret Service have classified as unlimited operations, allow fraudsters to withdraw funds beyond the cash balance in customer accounts or other limits applied to ATM withdrawals.
The cyber-attacks include the use of malware installed on a bank’s network. Once ATM settings are changed, stolen PIN numbers and other account information are used to withdraw funds.
