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ATMs Compromised, $45M Taken

Posted by Soulskill on from the designed-for-redundancy-not-security dept.

An anonymous reader sends this news from the Associated Press: "A worldwide gang of criminals stole a total of $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then draining cash machines around the globe, federal prosecutors said Thursday. ... Here’s how it worked: Hackers got into bank databases, eliminated withdrawal limits on prepaid-debit cards and created access codes. Others loaded that data onto any plastic card with a magnetic stripe — an old hotel key card or an expired credit card worked fine as long as it carried the account data and correct access codes."

2 of 196 comments (clear)

  1. Re:Why wouldn't they work? by Anonymous Coward · · Score: 5, Funny

    Welcome to Slashdot: Where everything's made up, and the mod points don't matter.

  2. Re:Not ATMs, the debit card system by Anonymous Coward · · Score: 5, Funny

    So to clarify, the ATM's had the problem?