August 15
FBI Warns of Impending ATM Hack (What Should Consumers Do)

Recently, the Federal Bureau of Investigation (FBI) has warned banks of a serious hacking threat that could result in millions of dollars being taken from ATMs.   The hackers hack into the banks, obtain consumers' ATM card and PIN information, then create cloned ATM cards and conduct an "ATM cash-out" around the globe. 

Ultimately, the banks are responsible, but the impact to consumers is real, as the money will come from their account which can cause checks to bounce and money not to be available for individual needs. 

Here are a few steps you can take:

  • Go to your bank and see if they have posted any information about this potential risk.
  • Sign up for fraud alerts on your ATM and credit cards.
  • Monitor your accounts closely for unauthorized activity.
  • If you see and suspicious activity, contact your bank immediately.
  • Change your passwords and if possible change your ATM PIN number.


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