Damages due to malware and hacking attacks on ATM networks Europe 2014-2020

In 2020, the value of damages caused by ATM-related malware and hacking attacks was 1.24 million Euros, compared with 1.09 million in the previpus year. Malware and hacking incidents are based on ever evolving cybercriminal techniques, designed to rob customers of their savings either through card or PIN skimming methods (lower-level) or without having to compromise their debit cards, designed to attack the ATMs directly (higher-level). In some of the more sophisticated hack attacks, the access to back-end of ATM machines is used, in order to compromise their security.