It has been reported that malware is being used to steal cash from ATM machines.
The malware, dubbed Tyupkin, was discovered by Kaspersky Lab's global research and analysis team, and enables criminals to withdraw large sums of money, simply by typing in a code.
The Kasperskys Lab's forensics investigation was instigated after a financial services company needed help when ATMs were attacked in Eastern Europe.
Kaspersky discovered the malware that allowed attackers to empty the ATM cash cassettes via direct manipulation.
At the time the malware was active on more than 50 ATMs in Eastern Europe, however Kaspersky believes it has spread to other countries such as the US, India and China.
Kaspersky Labs said: "Over the past few years, we have observed a major uptake in ATM attacks using skimming devices and malicious software. Following major reports of skimmers hijacking financial data at banks around the world, we have seen a global law enforcement crackdown that led to the arrests and prosecution of cyber criminals.
"Now we are seeing the natural evolution of this threat with cyber criminals moving up the chain and targeting financial institutions directly.
"This is done by infecting ATMs directly, or through direct advanced persistent threat (APT) attacks against the bank. The Tyupkin malware is one such example of attackers moving up the chain and finding weaknesses in the ATM infrastructure."
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