Not Even Bitcoin ATMs Are Safe from Malware Attacks
Bitcoin ATMs have now become the latest targets for hackers, and the necessary tool for this can be easily found on the online market. This situation was brought to light by a report made by Japanese security experts which analyzed a recent listing in a deep web forum, according to a Trend Micro blog post.
The offer was posted by an experienced seller, who also has posted ads for malware that can be used on more traditional ATMs. The offer features the necessary software package, detailed (and multilingual) instructions along with an EMV and NFC card, that can be used immediately. The process is defined as “not requiring any physical access”, thus implying that you will “not breaking into the ATM”.
EMV represents the standard chip technology that is employed credit cards, which was designed to be more secure than the previous magnetic stripes. NFC (Near-Field Communication) is a more recent technological development that is mostly present in smartphones from previous generations. Both these technologies need the user to interact with the ATM.
The entry reads that a service weakness in the devices is exploited in order to gain access to the funds. Each Bitcoin transaction can allegedly be valued at around 6750 USD/EUR/GBP.
The total sum requested for the package is a sum of $25,000. The people behind this endeavor is seemingly also seeking to branch out and collaborate with other similar professionals and distribute among them the potential earnings.
Keeping both anonymity and security as key features is a pretty hard task and some brands are more susceptible compared to other. Momentarily, these types of payment options have ceased in its development pace and even though there many alternatives cropping up, ATMs still remain a sought-after feature. Judging from the latest finding, this crypto malware does not affect end users, just the device owners.