Jackpotting: the scourge threatening ATMs in the United States

robot
Abstract generation in progress

The threat of jackpotting against U.S. banking infrastructure has reached alarming levels, according to federal authorities. In 2025, more than 700 criminal operations of this kind were recorded, resulting in cash losses exceeding $20 million. The figures demonstrate an unprecedented escalation in this electronic-physical theft method that jeopardizes the security of the financial system.

Exponential increase in attacks during 2025

Data released by cybersecurity experts reveal the magnitude of the problem. Jackpotting, where criminals physically access ATMs and install malicious software, has become a systemic threat. These attacks bypass banking authentication protocols, allowing criminals to make unauthorized cash withdrawals. The concerning part is the sophistication of the techniques used and how quickly these incidents have multiplied throughout the year.

How jackpotting works and its vulnerabilities explored

The modus operandi of these criminals exposes critical flaws in the physical and logical security of dispensing machines. Attackers exploit technical vulnerabilities of the devices, combining direct access to the machine with the installation of specialized malware that bypasses validation systems. This two-layer strategy—both physical and digital—has proven highly effective for criminals, who manage to extract large sums without leaving immediately detectable traces.

Federal response: 93 arrests and increased security measures

Federal authorities have intensified their investigative operations, formally charging 93 individuals involved in jackpotting networks. Many of these criminals have proven links to transnational criminal organizations, particularly of Venezuelan origin. The FBI has emphasized the urgent need for financial institutions to strengthen their security measures by implementing advanced detection technologies, enhanced surveillance, and regular device audits. Only through a comprehensive approach combining technological prevention, proactive monitoring, and international cooperation can the spread of jackpotting be contained and banking assets in the United States protected.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)