ATMs in India to be the target of cyber criminals in 2017 0%/100% 38

ATMs in India to be the target of cyber criminals in 2017

Written by Aravind   |   Posted: 11/30/2016 10:32 AM IST

Cyber attacks on ATMs will be on the rise in the Asia-Pacific (APAC) region in 2017. The proliferation of cyber-physical systems and the Internet of Things (IoT) will be presenting new opportunities for the adversaries to abuse their connectivity and cause disruption.

"We have seen a big focus on ATM attacks in the APAC region, including in India. ATMs in underdeveloped countries are particularly vulnerable as those countries still have old ATM software and are running Windows XP. This makes them the perfect target for an easier score," US-based cyber security company FireEye claimed in its "2017 Security Landscape-Asia Pacific Edition" report.

"With the continued rise in ransomware activities across the globe, religious organisations may unexpectedly become a target of cyber criminals in 2017, adding that much of the threat activity in the Asia-Pacific region is from China," FireEye continued.

"Organisations seeking to simplify everything in 2017 will set their sights on integration. A single pane of glass for all security needs will drastically improve the organisation's security posture and show companies the true value of all the products they have acquired," the report noted.

"The combination of tools such as ransomware with more formalised illicit software-as-a-service (SaaS) franchised business models will become a more attractive and lucrative option for criminals with the proper skill sets and motivations," FireEye pointed out.

By Premji

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Tags : cyber criminals  cyber attacks  ATM  Internet of Things  FireEye  

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