You could lose cash at hacked ATMs

2014-05-05 13:09
ATM. (Duncan Alfreds, News24)

ATM. (Duncan Alfreds, News24)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

kalahari.com

Cape Town - Most South Africans happily insert their bank cards into ATMs and withdraw cash, but this ordinary activity may carry an unseen risk.

According to research from a security company, it may be possible to have malware installed in ATMs that may compromise the cash machines.

The vulnerability was observed with mobile point of sale (MPOS) machines which is used by a number of businesses to process card payments.

"Similarly to our previous research where the VeriFone devices were compromised using malicious smart cards, the attack against the MPOS device leveraged the fact that the Payment Card Industry Pin Transaction Security (PCI-PTS) do not adequately cover the applications that run on the devices," Harry Grobbelaar, director for MWR InfoSecurity told New24.

He said that the security protocols on these devices still vulnerabilities that criminals could exploit.

Losses

In 2013, a banking scam hit a number of business that employ MPOS machine when it was reported that the devices were infected with malware known as Dexter.

Dexter was used to gather customer information and sold to other criminals.

"Immediate and pro-active steps have been taken by Standard Bank and at an industry level to identify and limit the extent of the potential exposure," said Standard Bank spokesperson Ross Linstrom at the time.

Reports suggest that around R100m was lost to thieves who targeted the point of sale machines commonly used in restaurants.

Grobbelaar said that the vulnerability in MPOS machines could extend to ATMs because of the similarity in the hardware used to identify the cards.

"Given this fact, it seems very possible that the same type of attack could be executed against an ATM's PIN Entry device (as they are typically also certified with the same standard)."

While he conceded that they have not been able to verify the theory on a modern ATM, the hack is possible but banking groups are reluctant to make the machine available for testing.

Most ATMs run the Windows XP operating system and given that Microsoft has ended support for the OS, hackers could potentially exploit new vulnerabilities, known as zero days.

Grobbelaar said that if an ATM were to be compromised with malware, the fact that people trust the platform will make it difficult to explain in the event of a dispute.

"As PINs are usually seen as a secret, users who enter their PIN into such a compromised device may have a hard time to explain to the bank how someone compromised their PIN and they always covered their hand, never gave it out."


- Follow Duncan on Twitter
- News24

Read more on:    cybercrime
NEXT ON NEWS24X

SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
11 comments
Add your comment
Comment 0 characters remaining
 

Inside News24

 
/Fashion
 
Traffic
Lottery
 
  • Friday Cape Town - 18:07 PM
    Road name: N2 Outbound
    DELAYS through Borcherds Quarry Road exit
  • Friday Newlands - 17:20 PM
    Road name: M3 Southbound
    DELAYS approaching the Rhodes Avenue exit
 
More traffic reports...
 

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Magical Massinga

Spend 5 nights at the gorgeous Massinga Beach Lodge in Mozambique and only pay for 4 from R13 220 per person sharing. Includes return flights, accommodation, transfers and romantic turndown. Book now!

Kalahari.com - shop online today

2 TV Series for R250

Get 2 TV Series box sets for R250 and save up to R148! Offer valid while stocks last. Shop now!

Mind blowing deals on beauty & fragrances

Save up to 30% off beauty and fragrances. Offer valid while stocks last. Shop now!

Up to 50% off hair care products!

Save up to 50% on professional hair care products at kalahari.com. Offer valid while stocks last. Shop now!

30% off academic books

Score a mind blowing 30% off academic books! Offer valid while stocks last. Shop now!

Mind blowing deals on electronics!

Save up to 35% on electronics. Offer valid while stocks last. Shop now!

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

BlackBerry Bold 9790

Bold Design The BlackBerry Bold 9790 smartphone combines the iconic BlackBerry...

From R2508.80

I'm shopping for:

Horoscopes
Aquarius
Aquarius

You may be putting too much effort into someone or something. You are doing it out of love and compassion but there is a chance...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.








Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.