The FBI has issued an urgent warning about the escalating threat of ATM jackpotting attacks, reporting a significant increase in incidents over the past year. In 2025 alone, more than 700 attacks were documented, leading to losses exceeding $20 million. The trend has evolved from theoretical security concerns into a highly lucrative criminal enterprise, with hackers exploiting both physical and software vulnerabilities in ATMs. The FBI noted that these attacks are not only frequent but also sophisticated, as they allow criminals to bypass bank authorization and force ATMs to dispense cash on demand without needing a card or PIN. According to TechCrunch, 'The FBI says hacks that trick ATMs into spitting out cash on demand are rising, with hundreds of attacks in the past year alone netting hackers millions in stolen bills.' This alarming rise underscores the need for enhanced security measures in the banking sector, as the frequency and sophistication of these attacks continue to grow.