New ATM Malware ‘FIXS’ Emerges: Time to Take Action

A new strain of malware, known as FIXS, is threatening ATMs around the world. The attack is innovative and uses encryption techniques to prevent its detection. What does this mean for the safety of your customers and how can you take pro-active measures to keep your ATMs secure?

What Is FIXS Malware?
FIXS is a type of malware specifically created to target ATMs. It was discovered in June 2020 by researchers from Kaspersky Labs. The malware has the ability to encrypt itself and hide from anti-malware solutions. This makes it difficult to detect and removes the possibility of attribution.

The FIXS malware works by infecting the ATM’s operating system and allowing the attackers to inject malicious code. This code can then be used to access the ATM’s internal software and hardware, allowing the attackers to control the device. This can be used to manipulate the ATM’s settings, such as disabling certain security controls.

What Are the Implications?
The FIXS malware poses several threats to ATM networks. First, the malware is capable of stealing customer data, such as passwords and card information. Additionally, the attackers may be able to control the ATM’s authentication process and dispense large sums of money without authorization.

Furthermore, the malware can be used to download additional malicious code onto the ATM. This can be used to infect the entire ATM network, allowing the attackers to access the banks’ backend systems and other security controls. The malware can also be used to manipulate the ATM’s settings and disable certain security features, such as the ATM’s camera. This makes it easier for the attackers to access the machine without being detected.

Preventative Measures
Fortunately, there are several steps that banks and ATM operators can take to protect their networks from FIXS attacks. It is essential that banks and ATM operators update their ATMs with the latest security patches and make sure that their systems are running the latest versions of anti-malware software. Additionally, banks should use two-factor authentication for all transactions and ensure that the physical security of their ATMs is up to date.

Banks should also conduct regular audits of their ATM networks and ensure that all security measures are up to date. Finally, banks should be on the lookout for suspicious behavior and investigate any unusual activity.

Call to Action
With the emergence of the FIXS malware, it is essential that banks and ATM providers take steps to protect their networks. Make sure to share this article on social media and help spread the word about the dangers of the FIXS malware and what banks and ATM operators can do to protect their networks.

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