$9 Million ATM Hacking Ring Indicted 86
Trailrunner7 writes "US and international prosecutors have indicted a criminal ring that they allege was responsible for an ATM scam last November that stole about $9 million from RBS WorldPay. The criminals cracked payroll debit cards and withdrew money from ATMs in hundreds of cities around the world. A federal grand jury in Atlanta has indicted eight men in connection with the scheme, including five Estonians, one Russian, one Moldovan, and one unidentified man. Prosecutors allege that the men 'used sophisticated hacking techniques' to defeat the company's encryption system. The scam involved an elaborate plan in which the attackers first bypassed the encryption on the debit cards, which RBS WorldPay issues to customers for employee payroll purposes. They then raised the limits on the accounts attached to the cards, then provided a network of 'cashers' with 44 counterfeit payroll debit cards, which were used to withdraw more than $9 million from more than 2,100 ATMs in at least 280 cities worldwide, including cities in the United States, Russia, Ukraine, Estonia, Italy, Japan and Canada. The $9 million loss occurred within a span of less than 12 hours; 130 different ATMs in 49 cities were hit within one 30-minute period."
Re:??? What? (Score:5, Informative)
You mean some company doesn't either do direct deposit, or cut you a check?
Yes. Mark of a company that hates hates HATES its employees. After undergrad I was working at gamestop when they decided to go this route. For some reason, they were incapable of processing a direct deposit for me, so checks were fine. Then these cards came. They give your paycheck to a different company. Said company gives it to you. The fine print in the information pamphlet they handed out: one free transaction a month. After that, $2 fee for using the debit card for anything.
They undoubtedly made a killing from many high school kids on that one. And gamestop no longer had to print and distribute paychecks, saving the company untold hundreds of dollars a month. Since that was one of the least annoying things gamestop did to it's employees, morale probably wasn't a factor.
Re:Laptop with finger print or retina recognition (Score:1, Informative)
You are on the wrong article, I believe you wanted to reply to this post:
http://ask.slashdot.org/story/09/11/10/2045258/Best-Tool-For-Remembering-Passwords [slashdot.org]