ATM malware and logical attacks increase by 307% in Europe

There were 114 malware and logical attacks in Europe in the first half of 2017, according to EAST, compared with 28 attacks during the same period in 2016.

This 307% increase was driven by Black Box attacks that were reported by eleven counties. In a Black Box attack, the criminal connects an unauthorised device inside the ATM to send commands to the dispenser to ‘cash-out’ the ATM. Average cash losses from a black box attack are €13, 157.

This trend is consistent with findings from an EAST website ATM fraud research poll that ran from May to August 2017 where participants were asked how they saw ATM fraud risk developing. 67% of respondents felt that malware and black box attacks were the biggest risk, 20% said card skimming, 7% chose social engineering, and cash trapping and card trapping were each chosen by 3% of respondents.