Hackers Steal Millions From Mexican Banks In Transfer Heist (reuters.com) 29
happyfeet2000 shares a report from Reuters: Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government's investigation said. Hackers sent hundreds of false orders to move amounts ranging from tens of thousands to hundreds of thousands of pesos from banks including Banorte, to fake accounts in other banks, the sources said, and accomplices then emptied the accounts in cash withdrawals in dozens of branch offices. The total amount is estimated to be as much as $20 million (~400 million pesos).
Thanks for the translation. (Score:2, Funny)
When I first read " siphoned hundreds of millions of pesos" I thought, wait a second, that's like $200 dollars.
Oh I hope (Score:2)
they didn't steal any cartel money. /s
Sounds more like an NSA/CIA operation to drain the funds.
Re: (Score:2)
Possible, but I think unlikely. The use of lots of Smurfs might compromise the operation. The NSA/CIA would just wire the money into some opaque jurisdiction.
Re: (Score:2)
"opaque jurisdiction" = Washington DC, New York, London.
Two dollars enter. One dollar leaves. Money handlers (and they are very numerous) prosper.
Re: (Score:2)
Sounds more like an NSA/CIA operation to drain the funds.
Drain whose funds?
These people were bank robbers, not spies.
Re: (Score:1)
Sounds more like an NSA/CIA operation to drain the funds.
But I thought the deepstate hated Trump, why are they helping to make Mexico pay for the wall?
Gotta build the wall somehow, right? (Score:5, Funny)
Trump did say Mexico would pay for it...
It's good work I guess... (Score:5, Interesting)
It's good work, if you can get it.
So.. They didn't have withdraw controls on newly minted accounts that just got funded electronically? They didn't require ID's either? What about verifying you know who's creating these electronic transactions? No?
Shesh, this is lax security. I'm not saying the banks deserved to be fleeced, but if you cannot be bothered with the minimum of security practices, I'm going to find it hard to shed many tears about your bad luck. Then there is the whole, you don't know who's initiating this transactions electronically so you cannot hold them responsible?
All I can say is.. I don't want to be a bank...
Re: (Score:1)
In my experience, banks operating in dangerous jurisdicitions like Mexico actually pay a lot more attention to security then their global peers. This is in all likelihood an inside job perpetrated by someone who knew exactly how to work around all the security checks (and perhaps bribe the right people in order to get around them).
Re:Actually, about $200MM USD if 400MM pesos..... (Score:4, Informative)
You missed a decimal point. The current exchange on a Mexican peso is USD$0.05080.
https://www.investing.com/curr... [investing.com]
Re: (Score:2)
Don't listen to these crooks. I'm willing to sell you 10 million Dogecoins at the low, low price of only 10 million Dogecoins.
Hundreds of millions of pesos? (Score:1)
Isn't that like $2.50?
From the source (Score:1)
Re: (Score:2)
"The banks in Mexico are heavily corrupted by cartel influences."
I am shocked, shocked, to hear that there might be corruption in Mexico.
"Mexico ranks 135th on the Transparency International index of 180 countries"
https://mexiconewsdaily.com/ne... [mexiconewsdaily.com]
BUILD THE (Score:1)
firewall