FBI Warns Of 'Unlimited' ATM Cashout Blitz

[dlevere]

The Federal Bureau of Investigation (FBI) is warning banks that cyber-criminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.

https://krebsonsecurity.com/2018/08/...cashout-blitz/

[dlevere]

On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from cash machines in more than two dozen countries.

Indian Bank Hit In $13.5M Cyber-heist After FBI ATM Cash Out Warning