The U.S. Secret Service is warning banks and ATM owners about a new technological advance in cash machine skimming known as “periscope skimming,” which involves a specialized skimming probe that connects directly to the ATM’s internal circuit board to steal card data.
It’s notable whenever cybercime spills over into real-world, physical attacks. This is the story of a Russian security firm whose operations were pelted with Molotov cocktail attacks after exposing an organized crime gang that developed and sold malicious software to steal cash from ATMs.
This author has long been fascinated with ATM skimmers, custom-made fraud devices designed to steal card data and PINs from unsuspecting users of compromised cash machines. But a recent spike in malicious software capable of infecting and jackpotting ATMs is shifting the focus away from innovative, high-tech skimming devices toward the rapidly aging ATM infrastructure in the United States and abroad.