Coordinated multinational ATM fraud nets $13M in one night

Crooks who compromised Fidelity National Information Services's prepaid debit card database were able to draw out $13 million in one night, working with co-conspirators in several countries in one weekend night, after the banks had closed:

Apparently, the crooks were able to drastically increase or eliminate the withdrawal limits for 22 prepaid cards that they had obtained. The fraudsters then cloned the prepaid cards, and distributed them to co-conspirators in several major cities across Europe, Russia and Ukraine.

Sources say the thieves waited until the close of business in the United States on Saturday, March 5, 2011, to launch their attack. Working into Sunday evening, conspirators in Greece, Russia, Spain, Sweden, Ukraine and the United Kingdom used the cloned cards to withdraw cash from dozens of ATMs. Armed with unauthorized access to FIS’s card platform, the crooks were able to reload the cards remotely when the cash withdrawals brought their balances close to zero.

Coordinated ATM Heist Nets Thieves $13M

(Image: ATM in a cage, a Creative Commons Attribution Share-Alike (2.0) image from yuval_y's photostream)

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