SoylentNews

Hackers Program Bank ATMs to Spew Cash

posted by janrinok on Tuesday November 22 2016, @11:05PM   
from the loads-of-dosh dept.

"exec" writes:

Hackers Program Bank ATMs to Spew Cash

After crimes in Taiwan and Thailand, the FBI warns of similar potential attacks in U.S.

Cybercriminals who once earned millions by breaking into individual online bank accounts are now targeting the banks' own computers, with often-dramatic results.

In Taiwan and Thailand earlier this year, the criminals programmed bank ATMs to spew cash. Gang members stood in front of the machines at the appointed hour and collected millions of dollars.

Earlier this month, the Federal Bureau of Investigation warned U.S. banks of the potential for similar attacks. The FBI said in a bulletin that it is "monitoring emerging reports indicating that well-resourced and organized malicious cyber actors have intentions to target the U.S. financial sector."

[... In Taiwan ...] By July 11, criminals had collected more than 83 million New Taiwan dollars (US$2.6 million) in cash—without using ATM cards. Twenty-two people, most from Eastern Europe, waited by ATMs to remove the money. Three suspects were later arrested and over NT$77 million recovered.

-- submitted from IRC

---

Original Submission

• Re:They're always new, aren't they? (Score: 1, Informative) by Anonymous Coward on Wednesday November 23 2016, @12:16AM

  by Anonymous Coward on Wednesday November 23 2016, @12:16AM (#431582)

  There was the original (old) Taiwan Dollar that was issued by the Nationalist Chinese Government between 1946 to 1949 to replace the Taiwanese Yen that they used during the previous period of Japanese colonial rule. Hyperinflation during the Chinese Civil War led the Nationalists to issue the New Taiwan Dollar in June of 1949 (at an exchange rate of 40,000 old dollars to one new dollar), shortly before they were finally defeated by the Communists. The 'New' basically stuck to the name.

  Parent

  Starting Score:	0		points
  Moderation		+1
  Informative=1, Total=1
  Extra 'Informative' Modifier		0
  Total Score:		1