ATM hackers hit Citibank, net millions

ATM hackers hit Citibank, net millions
Tags: Bank / Credit Union, Bank Automation, Bank Security, Debit / Credit, North America, Regulatory Issues, Retail / Off-Premises, Security, Transaction Processing
June 19, 2008

SC Magazine: A breach of bank information has hit one of the world's largest finanancial institutions. According to a federal grand jury indictment, two hackers using bank accounts and PINs stolen over the Internet managed to steal millions of dollars from Citibank. The two charged are Ukrainian immigrants and are alleged to be part of a worldwide scam that has made 9,000 fraudulent ATM withdrawals. The money was drained from ATMs in the New York area, authorities say.