A lot has already been said about current cyber threats facing the owners of ATMs. The reason behind the ever-growing number of attacks on these devices is simple: the overall level of security of modern ATMs often makes them the easiest and fastest way for fraudsters to access the bank’s money. Naturally, the banking industry is reacting to these attacks by implementing a range of security measures, but the threat landscape is continually evolving. In order to prepare banks for what they should expect to see from criminals in the near future, we’ve prepared an overview report of future cyberthreats to ATMs. The report will – we hope – help the industry to better prepare for a new generation of attack tools and techniques.
The report comprises two papers in which we analyze all existing methods of authentication used in ATMs and those expected to be used in the near future, including: contactless authentication through NFC, one-time password authentication and biometric authentication systems, as well as potential vectors of attacks using malware, through to network attacks and attacks on hardware components.