US Secret Service warns about new method of ATM robbery


Banks have been warned about a new means of robbing ATMs, previously seen in Europe and Mexico.

The United States Secret Service issued the warning recently saying, the method – nicknamed Jackpotting – is now hitting the U.S for the first time in a coordinated way.

It works just like it sounds, an ATM machine is compromised to spit out cash to a fraudster at a furious rate of 40 bills every 23 seconds, the Secret Service explained.

“That’s where you get the term jackpotting from because it is basically like a slot machine that you hit the jackpot — you are basically taking all of the money out of the ATM,” supervisory special agent Matt O’Neill told ABC News.

The Secret Service says they’ve seen about a dozen cases across the country from the mid-Atlantic region through New England, the Pacific Northwest and Louisiana. “What we’re finding is the attacks really…

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