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The U.S. will get a rare chance to prosecute one of the world's most-wanted cybercriminal suspects with the extradition of a Turkish man accused of orchestrating a global operation to hack automated teller machines.
Ercan Findikoglu, 33, boarded a flight to New York on Tuesday after losing his fight against extradition from a German prison, according to a law enforcement official who asked for anonymity because the operation wasn't yet public. He was arrested during a trip to Frankfurt by German authorities in December 2013 after eluding U.S. capture for five years.
Findikoglu allegedly organized a criminal operation that stole $40 million in cash from ATMs within 10 hours in February 2013 in New York City and 23 other countries, according to a ruling in his extradition case from the Federal Constitutional Court of Germany. The so-called unlimited cash out operations used hacked debit cards with withdrawal limits removed to make ATMs spew money.
Original Submission
(Score: 1, Offtopic) by MichaelDavidCrawford on Friday June 26 2015, @12:20AM
this would not have been possible had american payment cards used crypto chips, but americans dont like them.
moms credit card has one know, i expect because of the target hack.
i published an article on my website eighteen years ago that still gets search engine referrals. what this says to me is that i need to step away from the computer or i wont get to swim in the gene pool anymore.
Yes I Have No Bananas. [gofundme.com]
(Score: 1, Funny) by Anonymous Coward on Friday June 26 2015, @04:10AM
I think everyone has already swam away from you. ;)
Nothing but love man, just love.
Post on!
(Score: 2) by juggs on Friday June 26 2015, @05:05AM
What is the adversity to Chip and PIN in the US? I really do not understand it - plug card into ATM or checkout card machine, plug in a 4 or 6 digit PIN, it's hardly inconvenient time wise, faster than using cash in most cases.
Sure, it is fallible as we have seen with various point of sale equipment getting breached, overhead cameras etc. but at least it's one more layer of armour.
It's pretty much standard now in developed nations, why is the US lagging on this?
This is a genuine question not some flamebait, I just don't understand the delay - is there some regulatory burden at play? Or perhaps some "who's responsible for this payment if it turns out to be fraudulent" thing going on?
(Score: 2) by MichaelDavidCrawford on Friday June 26 2015, @05:43AM
The reas our constitution provides for the separation of church and state is to keep all the christians from murdering each other.
When I was at cern I was dumbfounded by the display ads in the perfume shops at french shopping malls.
many of those religious zealots were my ancestors.
I once speculated that I was related to David Koresh, as my aunt was a seventh day adventists from waco, but no, he converted.
so your chips, i have two theories.
One is that someone regards them as the mark of the best. I myself think that way of sellers permits, more commonly known as resale licenses. they arevrequired for dealing with sakes taxes.
Maybe some figured they were too expensive. Consider that there was a huge public outcry when it was prposed to outlaw the manufacture of incandescent light bulbs.
Yes I Have No Bananas. [gofundme.com]
(Score: 2) by lentilla on Friday June 26 2015, @08:13AM
there was a huge public outcry when it was prposed to outlaw the manufacture of incandescent light bulbs
Well, my country banned them (or at least made them impossible to buy). It's annoying because I liked to use them as little heaters - to warm fermenters and such like. Lumens per watt was of no interest - I just wanted the warmth.
(Score: 0) by Anonymous Coward on Friday June 26 2015, @09:05PM
The resistance starts with the requirement that all merchants need to upgrade their equipment - dunno about how things work elsewhere, but here in the U.S. that comes out of the merchant's pocket. The credit card processors are, more and more, trying to make fraud the responsibility of the merchant. (Witness the colossal clusterfuck that is PCIDSS - an end run that makes all fraud problems the fault of the merchant and NOT the processor or credit card issuer. Only a few players, like Square, have the balls to fight that.)
And, to top it all off, come October 1st, any merchant who processes a chip card as a straight charge (still can be done) and the charge is fradulent now gets eaten by the merchant. So the incentive is certainly there to upgrade - all on the merchant's backs.
This doesn't even start to recognize that merchants are already charged for every transaction anyway. (i.e. the merchant bears the cost for allowing charges to occur in the first place.)
I remember the days when credit cards struggled for acceptance in the merchant sphere, and I miss them mightily. But there's no putting the djinni back in the bottle.
(Score: 2) by tibman on Friday June 26 2015, @04:52PM
It's not Americans that don't like chip and pin, it is American companies. They don't want to upgrade every single point of sale machine to read the chipped cards. Recently the US government changed all of its cards to be chip and pin so the only businesses that can charge those cards are the ones who convert. Some pretty good incentive to get things rolling.
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