(Last Updated On: April 26, 2021)

SCARS™ Anti-Scam FAQ: ATM Jackpotting

 
Jackpotting is a new cyber-attack scam that the Secret Service warned financial institutions about criminals installing software or hardware on ATMs that force the machines to issue large amounts of cash.
 
Criminals have found ways to exploit the standalone machines commonly found in pharmacies, big-box retailers, and some drive-thru ATMs.
 
It’s hard to know the exact financial implications because sometimes these crimes aren’t disclosed publicly, but anytime money is missing,
 
it’s sure to have an impact on the banks and ultimately you—the consumer—in the former of higher fees or more obstacles to accessing your cash.