What is an ATM Jackpot Attack? — The FBI Warns of Rapidly Growing New Type of Crime

Jackpot refers to a criminal method of illegally accessing ATMs (Automated Teller Machines), exploiting system vulnerabilities to withdraw large amounts of cash at once. The FBI’s announcement has revealed how dangerous this type of attack has become throughout 2025.

The FBI has issued a serious warning about the rapidly expanding ATM jackpot attacks in the United States. Over 700 incidents were reported just last year, with banks and financial institutions suffering cash losses of up to $20 million. The reality of this new type of crime is more severe than many users might have expected.

Rapid Expansion of Jackpot Attacks — The Current Situation and Damage in the U.S.

According to the FBI, the number of jackpot attacks in 2025 has reached record highs, with the scale of damage also rapidly increasing. These are not just ordinary scams but are carried out as planned operations by organized criminal groups, significantly impacting financial institutions nationwide.

Many affected banks initially did not fully recognize the seriousness of these attacks. Now, the FBI and financial regulators are actively responding, and their high level of attention underscores the importance of future countermeasures.

How the Attacks Work — Combining Malware and Physical Access

According to research by security analysis firm NS3.AI, these jackpot attacks use highly sophisticated methods. Criminals first identify physical vulnerabilities in the ATM and create access to the machine.

Then, they install malicious malware onto the system to bypass security protocols inside the ATM. Through this process, they can make the ATM dispense cash continuously without bank approval. The attack techniques are very systematic, and the technical know-how required to execute them has been thoroughly mastered.

Venezuelan-Linked Crime Groups — Organized Crime Networks

FBI investigations have revealed that many of these jackpot attacks are directed and carried out by international criminal gangs based in Venezuela. Federal authorities have prosecuted 93 individuals involved in these illegal activities, most of whom are connected to organized crime networks in Venezuela.

This is not the work of individual perpetrators but involves multiple layers, including money laundering routes, technical support, and securing executioners, making this threat even more serious.

Security Measures Banks and Users Should Implement

In light of this situation, the FBI strongly recommends that financial institutions across the country implement enhanced security measures. Specific actions include strengthening physical defenses of ATMs, adopting multi-layered digital security, and deploying early detection systems for unauthorized access.

From a personal user perspective, it is important to check for suspicious operations or device abnormalities around ATMs when using them, and to regularly monitor account transaction activity. Banks should also raise awareness among customers and provide security education.

Countering this new form of financial crime—jackpot attacks—requires a three-pronged approach involving financial institutions, authorities, and users.