Fraudsters are escalating coordinated “jackpotting” attacks on credit union ATMs and ITMs, often targeting multiple machines across branches in a short window and causing significant losses.

Fraudsters typically use similar methods to execute these attacks and most involve accessing the machine from the “top hat” which is usually only protected by a generic lock. Credit unions are encouraged to work with their ATM/ ITM vendor to safeguard against these types of attacks.

To read the full report which breaks down how these attacks are carried out, what warning signs to look for, and practical steps your credit union can take to protect itself, click here. (User ID/Password required)

If you have a question or would like a more detailed consultation on this emerging risk, you can contact Sara Taddeo at staddeo@mddccua.org.