Russian ATM Hackers Steal $4 Million in Cash with 'Reverse ATM Hack' Technique

Russian hackers have discovered a novel technique to rip off Millions of dollars from banks and ATMs.



Criminals in Russia used a technique, called “Reverse ATM Attack,” and stole 252 Million Rubles (US$3.8 Million) from at least five different banks, according to the information obtained by Russian digital intelligence firm Group-IB.



What is Reverse ATM Attack?



According to the

Report: German Bank ATMs vulnerable to Hackers

Avoiding Credit Card Fraud is simply easy as long as you use cash. But, what if you even get hacked while withdrawing cash from an ATM?



If you are living in Germany or traveling there, then think twice before using your payment cards in the ATMs.



Here’s why:



A Security researcher in Germany has managed to hack ATM and self-service terminal from Sparkasse Bank that allowed him to

Beware of Skimming Devices Installed on the ATM Vestibule Doors

Despite anti-skimmer ATM Lobby access control system available in the market, we have seen a number of incidents in recent years where criminals used card skimmers at ATM doors.



Few years back, cyber criminals started using card skimmers on the door of the ATM vestibule, where customers have to slide their credit or debit cards to gain access to the ATM.




The typical ATM Skimming