A security expert has identified flaws in the design of some automated teller machines that make them vulnerable to hackers,who could make the ubiquitous cash dispensers spit out their cash holdings.
Barnaby Jack,head of research at Seattle-based,security firm IOActive Labs,will demonstrate methods for jackpotting ATMs at the Black Hat security conference in Las Vegas that starts on July 28. ATMs are not as secure as we would like them to be, Jeff Moss,founder of the Black Hat conference and a member of President Obamas Homeland Security Advisory Council said. Barnaby has a number of different attacks that make all the money come out.
The worlds biggest ATM manufacturers include Diebold and NCR. Officials with those companies could not be reached for comment. Banks may cringe when he speaks,fearing would-be crooks will adopt his methods. But Moss said that going public will raise awareness of the problem among ATM operators and prompt them to tighten security. One potential route of attack is via communications ports that are sometimes accessible from outside an ATM,Moss said.