The US District Attorney for the Eastern District of New York has indicted eight residents of Yonkers for allegedly participating in a global ATM heist that involved removing the withdrawal limits on prepaid debit cards, cloning them, and then getting confederates all over the world to hit ATMs at the same time and clean them out. The DA says that the scam netted $45M worldwide; $400K in NYC alone. One of the indicted defendants was murdered in the Dominican Republic last month.
The first heist, which occurred on December 22 and targeted debit cards issued by the UAE bank, dispatched carders in about 20 countries that rapidly withdrew funds in more than 4,500 ATM transactions. In New York City alone, prosecutors said, the defendants and their co-conspirators withdrew almost $400,000 in some 750 fraudulent transactions from more than 140 different ATM locations. It took just two hours and 25 minutes for the New York cell to complete, prosecutors said. A second operation commenced on February 19 withdrew about $40 million in 36,000 transactions worldwide. In just 10 hours, the New York group allegedly withdrew about $2.4 million in almost 3,000 ATM transactions.
The operation exploited weaknesses in the way banks and payment processors handle prepaid debit cards, which usually are loaded with a finite amount of funds. These cards are often used by employers in place of paychecks and by charitable organizations to distribute disaster assistance. Once the accounts were hacked and the limits removed from accounts, cards were cloned and sent to cell groups throughout the world to make fraudulent withdrawals. Additional details of the operation are available in a press release outlining the charges.
A similar heist in 2011 got $13M in one night.
How hackers allegedly stole “unlimited” amounts of cash from banks in just hours [Ars Technica/Dan Goodin]
For more than four years, we’ve been writing about Prenda Law, a prolific copyright troll (that is, a company that sends dire legal threats and demands for money to people they accuse of copyright infringement, based on the flimsiest of evidence), whose conduct is so breathtakingly illegal that it feels like satire or performance art […]
The questions posed by David Cay Johnston include some tough-to-avoid queries about Trump’s involvement with the mafia, the regulatory findings against his company for unfair and unsafe employment practices, and times when Trump had admitted to shading the truth or lying outright about his affairs.
A police detective in Rock Falls, Illinois has been arrested for stealing more than $1,700 in cash found on the body of a man who died of a heroin overdose. Detective Sgt. Veronica Jaramillo, 43, was taken into police custody on May 17, 2016 by Illinois State Police and charged with theft and official misconduct.
Vaping continues to become increasingly popular, meaning there is a growing selection of premium vaping products on the market. Here’s one that should get your attention: the AtmosRX Combo Vaporizer Bundle. This top-notch bundle includes the Rx Dry Herb Vaporizer, plus a bundle of accessories and flavors. Grab it now: it’s currently 73% off in the Boing Boing Store.The Atmos […]
We’d all love a 75-inch TV screen on which to view our favorite shows. But not all of us can drop the cash needed to get one of those broadcasting beauties (or even have the space needed to house them).Thankfully, there’s an alternative. With the SainSonic Mini LED Portable Projector (only $59.99 in the Boing Boing Store), you can project a picture […]
If you want to add some real firepower to your programming repertoire, learn Java–one of the most adaptable, widely-used programming platforms around. You can easily do that with this Ultimate Java bundle, now just $69 in the Boing Boing Store.Across 14 lectures and 117 hours of content, the educators at online academy eduCBA will walk you through […]