Illinois Bankers Association

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FBI Notification Warns of Global ATM Cash-Out Scheme

On August 9, the FBI released a Private Industry Notification (PIN 20180809-001) to banks warning of a global ATM cash-out scheme planned by cyber criminals in the coming days. The notice states the scheme is “likely associated with an unknown card issuer breach and commonly referred to as an ‘unlimited operation.’ Unlimited operations compromise a financial institution or payment card processor with malware to access bank customer card information and exploit network access, enabling large scale theft of funds from ATMs.”

The FBI recommended several steps that banks can take to safeguard against this threat, including implementing dual controls for account balance or withdrawal increases above a specified threshold, implementing application whitelisting to block malware and patching all systems for critical vulnerabilities.

Questions related to this FBI notification can be directed to your local Cyber Task Force or FBI CyWatch at cywatch@fbi.gov.

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