At a time when people are making serpentine queues at ATM kiosks to withdraw cash as a result of demonetization, a new document stated on Monday that cyber attacks on ATMs will rise in the Asia-Pacific (APAC) vicinity in 2017.

“we've visible a large awareness of ATM attacks within the APAC region, consisting of in India. ATMs in underdeveloped international locations are especially prone as the ones international locations nonetheless have old ATM software and are jogging windows XP. This makes them the appropriate target for a less difficult rating,” US-based totally cyber safety agency FireEye claimed in its “2017 safety landscape-Asia Pacific version” report.

recently, some ideal Indian banks blocked debit playing cards that had been compromised (the numbers ran into millions) in one of the financial zone’s largest records breaches.

The country bank of India (SBI), HDFC bank, ICICI financial institution, Axis bank and yes bank have been among banks which mentioned several of their customers’ debit playing cards being compromised following a malware-associated protection breach in an ATM community. The SBI blocked almost 600,000 debit cards.

This came on the heels of malware attacks and cyber threats that affected countries like Japan and Bangladesh this year.

“With the continuing rise in ransomware sports across the globe, religious companies can also suddenly grow to be a target for cyber criminals in 2017, including that lots of the danger interest inside the Asia-Pacific vicinity are from China,” FireEye persevered.

while speak approximately investments in protection that corporations will make in 2017, FireEye predicts companies making great investments in the form of orchestration and automation in 2017.

“Establishments in search of to simplify the entirety in 2017 will set their attractions on integration. A single pane of glass for all protection desires will notably enhance the employer’s safety posture and display corporations the true cost of all the products they have got obtained,” the file stated.

In standard, the proliferation of cyber-bodily structures and the net of factors (IoT) would gift new possibilities for adversaries to abuse their connectivity and reason disruption at scale for a larger payoff.

“The aggregate of tools inclusive of ransomware with more formalized illicit software program-as-a-service (SaaS) franchised commercial enterprise models will become a greater attractive and moneymaking alternative for criminals with the proper skill sets and motivations,” FireEye mentioned.

Recently, a hacker institution referred to as Cobalt focused ATMs across Europe and remotely attacked the machines the usage of the malicious software program that manipulated the systems which led the machines to robotically dispense the huge amount of cash.