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Hackers Nab Citibank ATM Codes, Steal Millions 1

Submitted by Anonymous Coward
An anonymous reader writes "Citibank is reissuing ATM cards following a December server breach in which hackers stole customer PIN codes, Wired reports. In recent months the FBI has arrested 10 people in the New York area who were allegedly involved in using the codes to steal over $2 million from Citibank checking and savings accounts, including two Ukrainian immigrants who were each caught with $800,000 in cash stashed in boxes and shopping bags in their homes. Some of the suspects are cooperating, telling the feds that they've been working for a Russian hacker. They use magstripe writers to encode the stolen account numbers onto blank cards, then hit ATMs in New York, and transfer 70% of the loot back to Russia."
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Hackers Nab Citibank ATM Codes, Steal Millions More

Hackers Nab Citibank ATM Codes, Steal Millions

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  • If...

    • [A] 2 guys caught with $800K -> Total $1.6M
    • [B] "Stole over $2M"
    • [C] 70% of loot transfered back to Russia

    Then...

    • [A]+[B] => They spent some of it of send some back to Russia already
    • [A]+[C] => Assuming they did that already, that's more like $1.6M*100/30 = $5.33M stolen
    • [B]+[C] => $5M+ is over $2M all right... but seriously over it!

    Julien

    Lord Helmet: So the combination is one, two, three, four, five. That's the stupidest combination I've ever heard in my life. That's th

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