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TRF is a fraud method of obtaining cash from the ATM without the account used to initiate the transaction being debited. This is typically accomplished by the criminal inducing a fault at the ATM during the cash dispense operation such that the host application software logic will reverse the transaction (i.e. not debit the account), although the ATM will dispense the cash and the criminal will remove it from the ATM. 

There has been an increasing frequency and spread of Logical Attacks in the United States. These attacks include Black Box and Malware type attacks, both of which are designed to “jackpot” the cash inside the ATM.

Recent media coverage has indicated that these attacks are now expanding in geography. The report cites FBI confirmation and some data on the frequency of these attacks. Click here to view the report. 

This should be treated by all ATM deployers as a call to action to take appropriate steps to protect their ATMs against these forms of attack and mitigate any consequences.

A Drug Cartel Using Russian Software Hits West Coast ATMs

Masked men came out of nowhere and grabbed millions of dollars from dozens of ATMs this past Sunday in Taiwan and they didn’t even need a bank card to do it. Taiwan's First Bank is still trying to figure out how a gang was able to hack their network and instruct a number of ATMs to dispense all their cash adding up to nearly $2 million US lost.