ATM Cyber Attack: How Hackers Stole $45 Million from ATMs in just 48 hours!

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27 countries, 5000 ATMs, 81000 transactions, and a group of International Cyber Thieves yielded $45 Million Global ATM Heist. This was pure 21st century robbery: No masks, no weapons, no standoffs with police — just a few computer systems and a hacking plan.

In the course of 12/12/012 to 02/19/2013, an international team of hackers stole a collective amount of $45 million from more than 5,000 ATMs across the world. In New York City alone, the thieves were able to withdraw at least $2.8 million from more than 750 Manhattan ATMs in 2.5 hours.

This sophisticated hacking scheme involved a group of international hackers who hacked into a credit card processor that handled transactions for prepaid MasterCard debit cards issued to customers of the National Bank of Ras Al-Khaimah PSC, in the United Arab Emirates.

The Hackers First increased the withdrawal limits on the cards and handed off the stolen card data to cashers in 27 countries who used a device called a “skimmer” to encode the account numbers onto the magnetic stripes of dummy ATM cards. The cashers then went on a withdrawal spree, hitting as many ATMs as they could in a matter of hours, while the hackers watched the transactions from behind remote screens, in real time.

Biggest ATM hacking suspects 2013Details about this Global ATM Heist are still emerging, but federal prosecutors in Brooklyn has turned up eight suspects including their suspected ringleader, who was found dead in the Dominican Republic last month. The eight suspects were all members of the New York cell that was responsible for allegedly siphoning at least $2.8 million from more than 750 Manhattan ATMs in just 2.5 hours, according to the US attorney’s office.

Other cells carried out similar withdrawals in Canada, Mexico, the Dominican Republic, Colombia, the UK, Belgium, France, the Netherlands, Germany, Spain, Italy, Bulgaria, Romania, Latvia, Estonia, Ukraine, Egypt, South Africa, Russia, the United Arab Emirates, Pakistan, Sri Lanka, Russia, Thailand, Malaysia, Indonesia, and Japan.

Take a look at this colorful infographic, from fraud detection and prevention firm 41st Parameter. This infographic highlights the whole hacking process.

(Click on the image to enlarge)

ATM Cyber Attack: How Hackers Stole $45 Million from ATMs

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Article by Ashwin Shahapurkar

[Founder] - Quiet type and Creative Guy who enjoys creating and exploring new trends on the Internet. He's currently pursuing B.E. in “Information Technology”. Send an email
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  • winclub1012

    cool article