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]
Detectives from Scotland Yard’s cybercrime unit decided the easiest way to get around their suspect’s careful use of full-disk encryption and strong passphrases on his Iphone was to trail him until he made a call, then “mug” him by snatching his phone and then tasking an officer to continuously swipe at the screen to keep […]
A man found a strange round, gelatinous blob in a bag at a train station in Maroochydore, Australia. Concerned that the object was a breast implant belonging to a murder victim, the citizen contacted police. From myPolice Sunshine Coast: Officers seized the item at the request of the man and provided him with a receipt. […]
When he was 16, Martin Wallace worked at a gas station with a man named Greg. Wallace says Greg showed no outward signs of being a serial killer, but he turned out to be one. From Wallace’s essay in The Walrus: And then, of course, there’s Greg. For whatever reason, we almost always end up […]
The Boing Boing Store’s Gift Guide is full of ideas for pretty much anyone in your life like hipster ice cub trays, Xbox controllers, Halo Boards, and even diamond necklaces. As always, all products in the Boing Boing Store come at great discounts, too. Shop by price bucket starting at under $20. Under $20:Bloxx Jumbo Ice Trays […]
Unlike traditional lighters, the SaberLight features an electronic plasma beam that’s both rechargeable and butane-free. This sleek lighter is even approved by TSA, so you’ll never be stuck buying lighters you’ll just have to throw away partially used. For some people, like me, this is a pretty big game-changer. The SaberLight’s beam is actually both hotter and cleaner […]
Holiday shopping is in full swing, and the Striiv Touch is one of the best gift ideas I’ve landed on. Its simple design works for females and males, and its wide range of features makes it suitable for even the non-fitness enthusiasts in your life.Unlike traditional fitness trackers, the Striiv Touch also acts as a smartwatch. It […]