Cyber Risks · Krebs on Security

Coordinated ATM Heist Nets Thieves $13M

Summary: An international cybercrime gang stole $13 million from FIS, a Jacksonville-based prepaid debit card processor, by breaking into its network and targeting 22 open-loop prepaid cards on its Sunrise, Florida eFunds platform. The thieves raised or removed the cards' ATM withdrawal limits, cloned them, and had co-conspirators in Greece, Russia, Spain, Sweden, Ukraine and the United Kingdom cash out at dozens of ATMs starting after close of business on Saturday, March 5, 2011, reloading the cards remotely as balances neared zero.

Key Takeaway: FIS disclosed that 7,170 prepaid accounts may have been at risk, and the attack closely mirrors a 2008 RBS WorldPay heist in which 44 counterfeit cards pulled more than $9 million from at least 2,100 ATMs in 280 cities. The two alleged RBS ringleaders, Viktor Pleschuk and Eugene Anikin, received suspended sentences in Russia despite prosecutors seeking five and six years.

Read the original at Krebs on Security ↗

Topics
Cybercrime & Law Enforcement
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