Criminals stuck at home during Covid pandemic steal cash from ATM’s with software hacks – Physical attacks plumet.
During the Covid pandemic, most types of attacks used to target ATMs sharply declined, the European Association for Secure Transactions (EAST)
While losses due to malware and logical attack losses increased by 14% ram raids and ATM burglary decreased by 33%.
“Despite national lockdowns and border closures, mobile organized crime groups continued to operate across Europe,” says EAST in a recent report.
The report from EAST is based on full-year 2020 information shared by 21 Western European nations, including the five most populous – Germany, the U.K., France, Italy and Spain.
The 21 nations collectively count about 335,000 ATMs, 223,000 unattended payment terminals and 14.5 million point-of-sale terminals.
When comparing 2020 to the prior year, EAST found transaction reversal fraud decreased by 97%. The use of explosives against ATMs fell by 6%.