In the past, I've shown you a few sophisticated ways that hackers can use ATMs to swipe your bank account info and steal your identity and your cash. But now we've learned that all hackers need to clean out an ATM is a text message.
Malware and a burner phone installed in ATMs lets thieves control the cash machines by sending a standard SMS message. Daniel Regalado from Symantec has more:
Using SMS messages to remotely control the ATM is a much more convenient method for all of the parties in this scheme, because it is discrete and works almost instantly. The master criminal knows exactly how much the money mule will be getting and the money mule does not need to linger for extended periods around an ATM waiting for it to issue the cash. The master criminal and money mule can synchronize their actions so that the money is issued just as the money mule pretends to withdraw cash or is walking past the ATM.
Newer ATMs are defended against this sort of tactic with stronger security software. However, as we all know, most ATMs still use Windows XP, and are very vulnerable to this style of hack. Click here to read the full story at Symantec.