How Hackers Attack Lagos Bank ATMs | Touch Latest Local,World,Tech,Entertainment,Health,Sport News
20 April 2018 00:00:00 AM Breaking News

• TECHNOLOGY

How Hackers Attack Lagos Bank ATMs

Reports say that large number of Automated Teller Machines ATM located in some upper-class areas of Lagos like Victoria Island, Lekki Peninsula Phase I and II, and Ikoyi have been attacked by hackers and electronic fraudsters.

ATM-Machine

The hackers are said to be fixing small fraud tools on the ATMs in order to harvest the passwords of cardholders who come to collect cash or do some other transactions on the machines.

Top bank officials privy to the development said a number of banks had deployed detectives to monitor their ATMs in those locations, especially in the Victoria Island and Lekki axis.

A banker told our correspondent, “A number of the ATMs in Victoria Island and Lekki axis have been compromised by hackers. Some of these fraudsters visit those ATMs very late in the night or very early in the morning to fix some fraud devices on them, which are capable of collecting cardholders’ information, including their passwords.

“They come back later to remove those devices. The information collected is then used to commit fraud against those customers later.

“Most of us (banks) are aware of the development and we are very vigilant now. What some of us have done is to get a patrol team of security men to start combing the affected areas and the ATMs from time to time. We will get those guys soon.”

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