Krebs: Atm Cash-Out and Payment Processors

krebs: The threat has been reported by US journalist Brian Krebs who runs the cybersecurity blog Krebs on Security, according to Nine News Australia. According to the report, the attack is based around a strategy known as ATM cash-out' involving cloned cards and hacked bank or payment processors to fraudently withdraw funds. To improve your experience update it here News NationalFBI issues warning of ATM threat, says report By Richard Wood11 24am Aug 14, ATMs are being targeted by cyber criminals in a sophisticated attack that threatens millions of dollars in bank accounts, the FBI has warned. The attack could happen over just a few hours and was most likely on a weekend after banks have closed. The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine ATM cash-out scheme in the coming days, likely associated with an unknown card issuer breach, the FBI warning said, according to Krebs on Security. Banks with large international operations are among those believed to have been alerted. (news.financializer.com). As reported in the news.

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