Sunday, May 12, 2013

Arrests Made in $45 million ATM Breach

Earlier this week seven people were arrested in the U.S., accused of operating the New York cell of what prosecutors said was a network that carried out thefts at ATMs in 27 countries from Canada to Russia. Law enforcement agencies from more than a dozen nations were involved in the investigation, which was being led by the Secret Service.

After penetrating the processor's computer network, the hackers fraudulently manipulated the balances and withdrawal limits on prepaid debit card accounts. Then, teams of so-called cashers allegedly launched carefully timed attacks that caused millions in criminal losses from more than 4,500 ATMs in about 20 countries.

For more on the arrests and information regarding the attacks, check here.  Enjoy!

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