A 22-year-old man was sentenced to one year and a day in prison for his role in an ATM jackpotting scheme, becoming the first person to receive a prison sentence for a crime of this nature in the US.
ATM jackpotting isn’t by any chance a new thing. The term is used by law enforcement and the IT security industry to describe scenarios where a crook uses various techniques –usually malware– to make ATMs “spit out cash.”
ATM jackpotting attacks first appeared in Russia a few years back, then spread to Europe and Asia, and made their way to Latin America and Mexico last year.
At the start of the year, ATM vendor Diebold Nixdorf sent out a security alert warning US banks that ATM jackpotting had also started appearing in the US, as well.
Read more here