This New ATM Hack Allows Criminals To Steal Your Money From Your Account

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Written By Larious

Larious is the Executive Editor of LowkeyTech. He is a tech enthusiast and a content writer. 





Last Updated on September 10, 2016 by Larious

I’m sure you already know criminals have the ability to steal all your money from your account with just having your ATM card, they don’t need to have your ATM pin before they can withdraw all your money from your account.

Forget about security! It turns out that the Chip-and-PIN cards are just as easy to clone as magnetic stripe cards. It took researchers just a simple chip and pin hack to withdraw up to $50,000 in cash from an ATM in America in under 15 minutes.

A team of security engineers from Rapid7 at Black Hat USA 2016 conference in Las Vegas demonstrated how a small and simple modifications to equipment would be enough for attackers to bypass the Chip-and-PIN protections and enable unauthorized transactions.

The team of researchers was able to show the audience an ATM spitting out hundreds of dollars in cash.

How The New Hack Works

The hack requires two processes to be performed:

First, the criminals need to add a small device known as a Shimmer to a point-of-sale (POS) machine (here, ATM’s card reader) in order to pull off a man-in-the-middle (MITM) attack against an ATM.

The shimmer sits between the victim’s chip and the card reader in the ATM and can record the data on the chip, including PIN, as the ATM reads it. It then transmits this data to the criminals.

The criminals then use a smartphone to download this stolen data and recreate the victim’s card in an ATM, instructing it to eject cash constantly.

Tod Beardsley, a security research manager for Rapid7, told the BBC that skimmer is basically a tiny RaspBerry-Pi-powered device that could be installed quickly to the outside of the ATM without access to the internals of the cash machine.

“It’s really just a card that is capable of impersonating a chip,” Beardsley said. “It’s not cloning.”

The perpetrators would only be able to replicate each card for a few minutes and use it to fraudulently withdraw money, enabling them to make between up to $50,000, but Beardsley suggests that a network of hacked chip-and-pin machines could create a constant stream of victims.

Researchers have disclosed full details about the issue in Chip-and-PIN ATMs to banks and major ATM manufacturers and said they hope the institutions (currently unnamed) are examining the issue.

I hope Nigerian Banks have upgraded their ATM machines to have anti shimming devices to prevent this hack.

NOTE: If your ATM card is missing or stolen, quickly visit the nearest branch of your bank and block the ATM card.


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1 thought on “This New ATM Hack Allows Criminals To Steal Your Money From Your Account”

  1. This is is a dream come true !!! I have being hearing about this blank ATM card for a while and i never really paid any interest to it because of my doubts. Until now i discovered a hacking lady called williams . he is really good at what she is doing and he is Godsent, Back to the point, I inquired about The Blank ATM Card from her If it works or even Exist. she told me Yes and that its a card programmed for random money withdraws without being noticed and can also be used for free online purchases of any kind. This was shocking and i still had my doubts. Then i gave it a try and asked for the card and agreed to their terms and conditions. praying and hoping it was not a scam i used the blank CARD and it was successful i withdraw nothing less than 8,000 dollar daily the blank CARD worked like a magic and now i have am rich and famous in my society,im grateful to williams because she changed my story all of a sudden,The card works in all countries except Philippines, Mali and Nigeria. williams email address is

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