Police are closing in on a group of thieves ripping off ATM machines.
The robberies are known as “jackpotting.”
Diebold Nixdorf, which makes ATMs, warned its customers of “… potential jackpotting attacks moving from Mexico to the United States…” another manufacturer, NCR, said in an alert: “This represents the first confirmed cases of losses due to jackpotting attacks in the U.S.”
This video by a computer security firm shows how jackpotting works. First, hackers pose as repair technicians. They use a key to gain access to stand alone ATM’s and install malware on their computers.
Another team later moves in to withdraw cash at will. The compromised ATMs can dispense up to 40 bills every 23 seconds which can amount to tens of thousands of dollars from a single ATM.