What is Reverse ATM Attack?
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Now, Hackers would repeat these steps as long as the targeted ATM did not end cash.
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Hackers Stole $3.8 Million in Cash from ATM Hack
The hackers leveraged weaknesses in the withdrawal, transfer and verification stages of credit card transactions used in Russia and managed to bypass checks recommended by VISA and MasterCard.
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- When the reverse operation targets a single bank, transaction details provided by VISA is not verified by the affected banks.
- When ATM Withdrawals were made in one country and cancelled/reversed in another, certain verification points were again missed.