20 April 2019
Hacking and accessing funds through unofficial means has never been uncommon and has become even more common given the current advancement in technology and future prospects. Well, now it appears that money can be stolen directly from ATMís. Weíve heard of malware as a method of trying to get quick cash like the deadly ransomware, which brought companies to its feet but this is a whole different ballgame. Have you ever heard of MoneyTaker? Itís a group of Russian hackers that have managed to steal close to $10 million from American and Russian ATMs in the past one and a half years.
It seems like this hacking group have been able to thread in the shadows as only now researchers at Group-iB have been able to identify them and have published details about the group. The group cleverly resorted to moving within the system itself by hijacking payment orders through breached interbank transfer systems. The money would then be withdrawn through ATM machines giving off the impression that money was being withdrawn as one would normally do from the machine.
The first known attack by this group took place in 2016 where the group targeted First Dataís STAR network. This was shortly followed by a spree on virtual robberies made possible through compromised networks and dubious documents on around 200 banks across America. Even after so many virtual thefts, the group is still untraceable and the ringleader is still unknown. This is due to their change in techniques used to breach security and software systems. It seems like their tactic of intercepting bank-to-bank transfers is proving difficult to trace. Maybe in time, more will be known about this mysterious group of hackers. †