Skip to main content

Cybercriminals 'Drained ATMs' in $45m Bank theft In 27 Countries

Highly skilled 8 gang hackers stole $45M  from two Middle Eastern banks by hacking into credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.

"In the place of guns and masks, this cyber crime organization used laptops and the Internet,"
The U.S. Justice Department accused eight men of allegedly forming the New York-based cell of the organization, and said seven of them have been arrested. The eighth, allegedly a leader of the cell, was reported to have been murdered in the Dominican Republic on April 27.

"The co-ordinated attacks was carried out, in just over 10 hours, $40 million was raided from ATMs in 24 countries involving 36,000 transactions.
The case demonstrates the major threat that cyber crime poses to banks around the world. It also shows how increasingly international and sophisticated criminal gangs have become, particularly those using the Internet.

Prosecutors highlighted the "surgical precision" of these hackers, the global nature of their organization, and the speed and coordination with which they executed operations in 27 countries.

According to the complaint, the gang broke into the computers of two credit card processors, one in India in December 2012 and the other in the United States this February. The companies were not identified.

The hackers increased the available balance and withdrawal limits on prepaid MasterCard debit cards issued by Bank of Muscat of Oman, and National Bank of Ras Al Khaimah PSC (RAKBANK) of the United Arab Emirates, according to the complaint. They then distributed counterfeit debit cards to "cashers" around the world, enabling them to siphon millions of dollars from ATMs in a matter of hours" Readmore on Reuters



Enhanced by Zemanta

Comments

Popular posts from this blog

Fashion designer Remi Lagos dies aged 51

popular Fashion designer and pundit Remi Osholake popular known as Remi Lagos has passed away aged 51. Osholake is said reported to have passed away this morning at a London hospital after undergoing a surgical operation, bowing out to the deadly disease of cancer.

The Rising Lion: Israel’s audacious strike reshapes Middle East security

  On a seemingly ordinary night, the skies over Tehran fell eerily silent. No alarms blared, no radar systems pinged, and no interceptor missiles roared into action. Then, without warning, the first explosions shattered the calm, marking the start of an unprecedented Israeli air campaign dubbed Operation Rising Lion . Spearheaded by Israel’s cutting-edge F-35I Adir stealth fighter jets, this meticulously planned operation penetrated Iran’s multilayered air defense systems, delivering a strategic shock that has redefined modern warfare in the Middle East. A Flawless Strike: The Power of Stealth and Precision The operation began with a masterclass in stealth and coordination. Israel’s F-35I jets, equipped with advanced AI sensors, cyber warfare capabilities, and extended flight ranges, bypassed Iran’s formidable air defense network—including the vaunted Khordad 3, Bavar 373, and Russian-supplied S-300 systems—without triggering a single alert. This wasn’t a technical glitch; it was t...

Silverbird Rhythm 947 Abuja Celebrates Trish, the Love Girl (PHOTOS)

Silverbird Rhythm 94.7MHZ Fm Abuja, celebrates their Love girl (OAP), presenter of  "Rhythms of the Night" with a party , check out photos!