More hackers busted in $9 million ATM fraud ring

More hackers busted in $9 million ATM fraud ring
Tags: Debit / Credit, North America, Regulatory Issues, Security
December 1, 2009

CreditFYI.com reports that federal authorities in Atlanta have added names to the list of indictments affiliated with the ATM-hacking ring that in November 2008 illegally pulled debit card payroll information from Atlanta's Royal Bank of Scotland. The hackers created 44 fake payroll debit cards and then used those cards to access payroll accounts at 2,100 ATMs across the globe, including a number in the United States.

The hackers managed to steal $9 million over the course of 12 hours. In all, federal authorities have gotten indictments on eight people from Russia, Estonia and Moldova.