Friday, May 10, 2013

US charges eight in $45 million cyber crime wave

From CNBC: Forget guns and masks.  Reuters’ Steve Holland reports:   In one of the biggest-ever bank heists, a global cyber crime ring stole $45 million from two Middle Eastern banks by hacking into their credit card processing firms and withdrawing money from ATMs in 27 countries, U.S. prosecutors said on Thursday.

New York federal prosecutors accused eight men of allegedly forming the New York-based cell of the organization, and said seven of them have been arrested. The eighth defendant was reported to have been murdered in the Dominican Republic on April 27, according to U.S. prosecutors….

In both cases, the hackers increased the available balance and eliminated the withdrawal limits on prepaid MasterCard debit cards issued by Bank of Muscat of Oman, and National Bank of Ras Al Khaimah PSC of the United Arab Emirates.

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