Metabase Q uncovers new strain of ATM malware in Latin America

Metabase Q uncovers new strain of ATM malware in Latin America

Risk Disclaimer >>
Ad disclosure Fintech-Insight stands firm in its mission to facilitate sound financial decisions for you. We forge alliances with specialists to provide the latest in news and facts. Engagement with designated links, sponsored entries, products and/or services, leading transfers to brokers, or promotional content might entail financial recompense for us. We pledge to protect our users from any negative repercussions arising from utilizing our site. Be informed that no content hosted here should be interpreted as authoritative in legal, tax, investment, financial matters or any expert counsel; it is meant for informational purposes exclusively. Should there be any concerns, securing the guidance of an independent financial consultant is recommended.

Metabase Q Inc., the leader in securing Latin American organizations from cyber attacks, today announced that the company’s security research division, Ocelot, has discovered a new variant of Ploutus, one of the most sophisticated ATM malware families worldwide.

Discovered for the first time in 2013, Ploutus enables criminals to empty ATMs by taking advantage of ATM middleware vulnerabilities via an externally connected device. This new variant, dubbed Ploutus-I, builds upon capabilities of prior strains and is tailored to control ATMs from the Brazilian vendor Itautec. Instances of this variant have been seen in attacks across major banks in the region. Further detail is in the blog published by Ocelot.

Cybercriminals in Latin America have gotten significantly more sophisticated, and ATMs remain an insecure vector for many financial institutions, both from physical and logic-based attacks. This malware’s complexity highlights the evolution of cybercrime in Latin America and the increasing need for a change in companies’ defensive mindset.

Metabase Q and its security research division, Ocelot, provide holistic cybersecurity services to corporations across Latin America.

“Cybercrime is global, but company defenses remain regionally focused,” said Mauricio Benavides, CEO of Metabase Q. “Our goal at Metabase Q is to transform the state of cybersecurity in Latin America from a technological, educational and regulatory perspective. This discovery by Ocelot further demonstrates the state of cybercrime in our region and the caliber of our ATM-focused research team.”

Risk Disclaimer

Fintech-Insight is dedicated to delivering unbiased and dependable insights into cryptocurrency, finance, trading, and stocks. However, we must clarify that we don't offer financial advice, and we strongly recommend users to perform their own research and due diligence.

Leave a Reply