CUNA, orgs team w/ FS-ISAC for paper on ATM scams
CUNA has teamed with other financial services organizations to create a white paper, “Understanding ATM Attacks,” explaining how cybercriminals conduct such attacks and how financial institutions can protect consumers. The paper was released by the Financial Services Information Sharing and Analysis Center (FS-ISAC), and is a joint effort between CUNA, FS-ISAC, the American Bankers Association and the Independent Community Bankers Association.
“Cybercriminals target ATMs through both physical and computer-based means to steal funds for a cybercrime gang or a nation-state,” the three-page paper reads. “These attacks often occur around holidays in an attempt to circumvent or delay detection. This may involve the creation of fraudulent payment cards at one or more financial institutions.”
The paper outlines four types of ATM attacks:
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