$9 million global ATM hack opens questions about growing cybercrime

$9 million global ATM hack opens questions about growing cybercrime
Tags: Asia, Australia & Pacific, Bank / Credit Union, Central and Eastern Europe, Debit / Credit, Latin America, Middle East & Africa, North America, Prepaid / Stored Value / Gift Card, Security, Software, Trends / Statistics
February 17, 2009

Network World: In November, authorities uncovered a global ATM scam that allegedly netted more than $9 million. According to the FBI, the attackers compromised prepaid payroll cards from RBS WorldPay and gift cards, launching a coordinated attack against more than 130 ATMs in 49 cities around the world. The cards were exploited by "cashers" who withdrew money during a single 30-minute window. If the preliminary findings of the FBI turn out to be true, this could represent one of the most organized attacks in cybercrime history.

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