The global crime ring that hit ATMs in 280 cities worldwide last year simultaneously for $9 million have allegedly been busted.
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, which hit RBS WorldPay last November, 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.
Once that was done, the gang then allegedly "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, Hong Kong, Japan and Canada. The $9 million loss occurred within a span of less than 12 hours," the Department of Justice said in a statement on the indictments released Tuesday.
U.S. Takes Down $9 Million RBS WorldPay Hacking Ring
(via /.)
