Jackpotting schemes cost local banks thousands of dollars. How does the cyberattack work?

Jackpotting schemes cost local banks thousands of dollars. How does the cyberattack work?

While the term “jackpotting” sounds like it should be a win, it’s actually costing local banks and other ATM owners tens of thousands of dollars.According to the U.S. Secret Service, jackpotting involves criminals using malicious software and/or computer hardware to launch a cyberattack on ATMs. They are then able to manipulate the machines to spit out thousands of dollars.“The machine will just continue to dispense until it’s drained. It could …

Report: ‘Jackpotting’ Schemes with Ties to Russia Steal Thousands from ATMs

Criminals hacking ATMs for illegal cash dispersals, a.k.a “Jackpotting,” have reportedly ripped off thousands of dollars in Texas and Wisconsin. The U.S. Secret Service describes “jackpotting” as criminals manipulating ATMs into spitting out cash through “malicious software and/or computer hardware,” per KSAT. Unchecked, machines could potentially drain dry with a loss totaling in the thousands. “The machine will just continue to dispense until …

Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished

More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud More than a million Russians have fallen victim... The post Russia’s Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished appeared first on Daily …

Russia's Cybercrime Skyrockets: 700,000 Attacks, $3 Billion Vanished – Featured Bitcoin News

More than a million Russians have fallen victim to cybercrime, resulting in an estimated $3 billion in damages. Cybercrime accounts for 35% of all crimes in Russia and is increasing by 30% annually, outpacing law enforcement efforts. Russia Faces Surge in Cybercrime, With Billions Lost to Fraud More than a million Russians have fallen victim […]