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Europol's EC3 and Trend Micro Partner to Protect Financial Industry from ATM Malware

Posted By - DynamicCISO,

Europol’s European Cybercrime Centre (EC3) and Trend Micro, a global leader in cybersecurity solutions have released a comprehensive report on the current state of ATM Malware. Cashing in on ATM Malware details both physical and network-based malware attacks on ATMs, as well as highlights where the malware is created.

ATM malware has evolved from requiring physical access to infect the machines to now successfully attacking network-based access using the bank’s corporate network. The report dissects recent attacks using bank networks to both steal money and credit card data from ATM machines, regardless of network segmentation. These attacks not only risk personally identifiable information (PII) and large sums of money, but also put banks in violation of PCI compliance standards.

“The joint industry – law enforcement report by Europol’s EC3 and Trend Micro shows that the malware being used has evolved significantly and the scope and scale of the attacks have grown proportionately. While industry and law enforcement cooperation has developed strongly, the crime continues to thrive due to the major financial rewards available to the organized crime groups involved.

“Protecting against today’s cyber threats and meeting compliance standards require increased resources that are not always available for organizations, including those in the financial services industry,” said Max Cheng, chief information officer for Trend Micro. “Public-private collaborations strengthen the global, ongoing fight against cybercrime, and help fill the resource gap for organizations. This report furthers Trend Micro’s commitment to helping law enforcement and private businesses mitigate future attacks and protect individuals.”

In addition to the public report, a limited-release version is available to law enforcement authorities, financial institutions and the IT security industry. This private report provides greater detail for public and private organizations to harden ATM and network systems and prevent future attacks against financial institutions.

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