Wednesday, 4 February 2009

FBI Investigates $9 Million ATM Scam


A security compromise at payment processor RBS WorldPay has enabled the attackers to clone debit cards issued by that company. In a coordinated, distributed effort (spanning more than 130 ATMs in 49 cities in several countries), one hundred such cards with significantly raised withdrawal limits were used to make multiple withdrawals on November 8, 2008. Nine million dollars was taken in the process -- an average of $90,000 per card.

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