ATM jackpotting is the exploitation of physical and software vulnerabilities in automated banking machines that results in the machines dispensing up to the amount of cash in the ATM. Given the physical access to the ATM machine, jackpotting enables the theft of the machine’s cash reserves. This session will focus on the FFIEC Guidance for this type of crime and how financial institutions are expected to comply with the guidance, identification and prevention controls financial institutions should implement to mitigate the risks of this crime, and best business practices for performing ongoing monitoring.
- Overview of Jackpotting Schemes
- FBI Warnings of Jackpotting Schemes
- Best business practices for mitigating the risks associated with ATM jackpotting
Who Should Attend?
- Information Security Officer
- Deposit Operations
- Electronic Banking Management/Staff
- Fraud management and support teams
- BSA Officer and support teams
- Internal Auditors
- Risk Managers
- Compliance Managers
- Senior Management
- Payments Professionals