How hackers are stealing millions from ATMs, FBI warns
Mashable
February 20, 2026
AI-Generated Deep Dive Summary
The FBI has issued a warning about a surge in ATM jackpotting incidents, with hackers exploiting both physical vulnerabilities and digital malware to steal millions of dollars. These attacks have become increasingly frequent, with over 700 cases reported in 2025 alone, resulting in more than $20 million in losses. The FBI highlights the use of malicious software like "Ploutus," which gives hackers direct control over ATMs, enabling them to dispense cash without legitimate transactions.
Ploutus malware specifically targets ATMs by exploiting their communication systems with financial institutions, allowing criminals to trigger unauthorized withdrawals quickly and efficiently. Unlike other cyberattacks that focus on individual customer accounts, Ploutus focuses on compromising the ATM itself, making it a significant threat to financial institutions. This method often goes undetected until the money has already been stolen, emphasizing the need for enhanced security measures.
The rise of such sophisticated malware underscores the vulnerabilities in ATM systems and the broader cybersecurity challenges faced by the financial industry. While Ploutus does not directly compromise customer accounts, its ability to bypass traditional security protocols highlights the importance of securing both physical and digital infrastructure. Financial institutions are advised to monitor their ATMs for signs of tampering and ensure their software is up-to-date to mitigate risks.
For tech enthusiasts and cybersecurity professionals, this issue highlights the evolving nature of cyber threats and the critical need for robust protective measures. The FBI's warning serves as a reminder of the importance of staying vigilant against innovative hacking techniques that can lead to significant financial losses. As cybercriminals continue to adapt their methods, understanding these risks becomes essential for safeguarding sensitive systems and data.
This growing trend of ATM jackpotting not only poses a direct threat to financial institutions but also raises concerns about public trust in automated banking systems. The FBI's bulletin emphasizes the need for collaboration between financial institutions and law enforcement to combat these threats effectively. As cyberattacks become more sophisticated, the focus must remain on proactive measures to protect both ATMs and the broader financial ecosystem.
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Originally published on Mashable on 2/20/2026