The FBI has warned banks about the likelihood of cybercriminals carrying out a global fraud scheme known only as the ATM Cash-out It employs the illegal use of cloned ATM cards which are gleaned through hacks of bank and payment card processors. In just a few hours, criminals have been able to pull out millions of dollars from cash machines around the world. Banks have been told to review their security measures, focusing mainly on the implementation of strong password requirements and two-factor authentication.”]
Source: https://hackercombat.com/the-fbi-warns-banks-about-the-rise-of-atm-cash-out-attacks/