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Hackers steal £10m from cash machines in global heist [$13M]
www.yahoo.com ^ | August 16, 2018 | Natasha Bernal

Posted on 08/16/2018 6:55:23 AM PDT by Red Badger

yber criminals have hacked cash machines in 28 countries to loot over £10 million from an Indian bank.

Hackers infected the bank's credit card payment system with malware, which allowed them to approve transactions and access client accounts. Fake credit cards were then used to force ATMs around the world to dispense cash worth about $13 million until they were empty.

The attack on Cosmos Bank, based in the Indian city of Pune, was predicted by the Federal Bureau of Investigation (FBI) last week. The FBI issued a warning to global banks that there would be a global cyber attack of ATMs within days.

UK-based banks with large international operations, such as HSBC and Barclays, are among those made aware of the threat.

The FBI said that it had intelligence that criminals were going to hack into a banking system using a highly choreographed fraud scheme known as ATM "jackpotting", in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to take out millions in just a few minutes.

(Excerpt) Read more at yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Foreign Affairs; Government
KEYWORDS: atm; bank; cash; hack
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To: BipolarBob

Usually you have to have a card issued by the bank to use an ATM..................


21 posted on 08/16/2018 7:46:24 AM PDT by Red Badger (July 2018 - the month the world learns the TRUTH......Q Anon)
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To: Red Badger

I have a debit card from the bank (which I never use).


22 posted on 08/16/2018 7:48:23 AM PDT by BipolarBob (In other news Satan is opening a Skating Rink in downtown Hell.)
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To: BipolarBob

You would have to specifically request a non-electronic, or non-direct-deposit account.

The bank hates this but you can do it. If savings oriented, it’ll be a lower interest rate. May actually charge you fees etc.. All transactions must be with teller.


23 posted on 08/16/2018 8:08:58 AM PDT by fruser1
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To: Red Badger

24 posted on 08/16/2018 8:12:05 AM PDT by Yo-Yo (Is the /sarc tag really necessary?)
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To: Red Badger
Their solution will be to have an rfid chip installed to gain access to your account.

Why dya think stinky had every ones bank info in his health care scam?

25 posted on 08/16/2018 8:12:46 AM PDT by rawcatslyentist ("All that is necessary for evil to triumph is for good men to do nothing")
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To: Red Badger

A broken clock is
Correct twice a day.


26 posted on 08/16/2018 8:28:32 AM PDT by Big Red Badger (UNSCANABLE in an IDIOCRACY)
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To: Red Badger

So who ends up out the money?

The Indian Bank?
The ATM machine operators?
The ATM networks?


27 posted on 08/16/2018 8:44:00 AM PDT by DannyTN
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To: Red Badger

So who ends up out the money?

The Indian Bank?
The ATM machine operators?
The ATM networks?


28 posted on 08/16/2018 8:44:00 AM PDT by DannyTN
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To: dadfly

Did they nail the perps? Or just the heads up?


29 posted on 08/16/2018 8:44:58 AM PDT by DannyTN
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To: DannyTN

The customers..................


30 posted on 08/16/2018 8:45:08 AM PDT by Red Badger (July 2018 - the month the world learns the TRUTH......Q Anon)
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To: DannyTN

i assume they just gave early warning to the banks. but exactly to who, when, and details of the warning, that remains to be seen.

perhaps, other banks heeded the warnings unlike the one in the report.


31 posted on 08/16/2018 8:47:44 AM PDT by dadfly
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To: Delta 21

Ah, thanks.


32 posted on 08/16/2018 9:18:00 AM PDT by 3boysdad (The very elect.)
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To: Red Badger

If only Facebook and Google and Amazon etc had our banking and medical and our permanent records from school then this would never ever happen......


33 posted on 08/16/2018 11:29:59 AM PDT by minnesota_bound
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To: Red Badger; All

All,

It appears that the intel the FBI received on the ATM Cash Out attack vector has some validity.

https://www.firstpost.com/business/cosmos-banks-server-hacked-rs-94-crore-siphoned-off-in-2-days-thousands-of-debit-card-cloned-4968441.html


34 posted on 08/16/2018 2:10:35 PM PDT by taxcontrol
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