ATM Fraud Allows Thieves To Steal $45 Million In Hours

r-ATM-FRAUD-large570NEW YORK — A gang of cyber-criminals stole $45 million in a matter of hours by hacking their way into a database of prepaid debit cards and then fanning out around the globe to drain cash machines, federal prosecutors said Thursday.

Brooklyn U.S. Attorney Loretta Lynch called it “a massive 21st-century bank heist” and compared its size to the Lufthansa heist in the late 1970s immortalized in the film “Goodfellas.” Lynch said the fraudsters had moved with astounding speed to loot financial institutions around the world. Continue reading “ATM Fraud Allows Thieves To Steal $45 Million In Hours”