ATM’s are the most technical and appropriate machines which are optimized by everyone. They are undoubtedly best money returning assistants and help us in securing and performing transactions securely. In this technical and digital world, ATM’s helps us to match along with others and also provide the source of living “Money. Being technology driven, hackers have also improved themselves as per the gradual increase of technology and hack ATM machines easily.
Fundamentally there are many proven ways which hackers use to hack ATM and steal the bank funds.
#1 Network approach
An older but very efficient way of hacking used by hackers is to disturb or interrupt X.25 network with MITM (Man in the middle hack). This hack gives the authorization to ATM to dispense money from it on the request of a hacker. But ATM must be working on X.25 network for the hack to be successful. The money will not withdraw from anyone’s account from this hack but will be withdrawn directly through ATM machines.
#2 Card Skimmers or magnetic reader
Most hackers own a device called as a magnetic reader. It is being installed or attached over the card slots in ATM machines. As the card is put in the slot it reads all the magnetic information of the card and sent it to the hackers or fraudsters nearby. This can be easily copied to another plastic card similar to ATM cards by other means and now it can work as your ATM card and you are easily robbed.
#3 Master key
ATM machines grant some of the private members of their organization grant authority of accessing the ATM’s without using the ATM card where you can withdraw money and do everything by using the private software. This can be done through the Master key. During the designing of ATM software, this Master Key was made private and only specific members can use that. If anyone gets that master key they can easily withdraw all amounts present in the ATM machine. This technique is the most effective way to hack ATM.
#4 Hardwired Malware
According to research in 2013 the ATM machines of Mexico were installed with some suspicious Malware named as Backdoor. Plautus that are designed to rob a certain type of stand-alone ATM’s by which with just a text message hackers can withdraw money from the ATM. This was the most popular way to hack ATM machines in MEXICO and others countries too.
#5 Hidden cameras
Some hackers just install hidden cameras at the site of the keypad of ATM machines and can very easily know about all your personal details. Then the robbers or hackers can easily withdraw all your money by stealing your ATM cards and that can be done easily. It is the most widely used techniques and most of the robbery were planned and executed through this plan only.