Wireless ATM Store launches solution for ATMs protection against fraud attacks

Tuesday 13 November 2018 10:37 CET | News

The Wireless ATM Store, working with ATM manufacture Genmega, has engineered new security features to help protect vulnerable TCP/IP wireless connections.

There have been some reports on hackers targeting ATMs in California, US to perform fraudulent attacks, according to Wireless ATM Store. The bad actors used some type of host-simulating device to send altered transaction reply messages that effectively turned transaction denials into approvals – tricking the ATM into dispensing cash.

The perpetrators were able to perform these fraudulent transactions by inserting a hacked wireless device in the top cabinet of the ATM to alter the transaction reply as it returned from the host.

When ATM operators use a wireless box for a faster connection, they may bypass the ATM’s built-in SSL encryption, leaving the terminal vulnerable. However, ATM manufacture Genmega has updated their software with new security features to sync the wireless device to the ATM, preventing criminals from switching boxes to perform unauthorized transactions.

The new software features from Wireless ATM Store will require the master password to install, replace or alter the wireless communication device.

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Keywords: Wireless ATM Store, ATM, fraudulent attacks, Genmega, wireless device, SSL, encryption, US
Countries: World