skip to main content
|

Financial News

Wednesday November 11, 11:34 AM
Police: ATM Hackers Took £5m In Global Fraud

By © Sky News 2009

Police: ATM Hackers Took £5m In Global Fraud
Click to enlarge photo
Police in America say they have cracked a sophisticated computer hacking ring that stole £5.3m from ATMs across the globe.

Investigators say the group took money from 2,100 cash machines in at least 280 cities worldwide in a 12-hour crime spree.

The US Justice Department said the individuals hacked into the payroll debit card information of Royal Bank of Scotland's credit card processing company, WorldPay, which is based in Atlanta.

The cards allow workers to withdraw their salaries from ATMs.

They gang then created 44 counterfeit payroll debit cards and used the cards to withdraw money.

In some case the limits on the cards were raised so the maximum amount of cash could be withdrawn, the US government said.

"This investigation has broken the back of one of the most sophisticated computer-hacking rings in the world," said Sally Quillian Yates, the acting US attorney for northern Georgia.

The group, which carried out the heist in November last year, instructed a worldwide network of "cashers" to make a move on the ATMs, US media reported.

The individuals were allowed to keep a proportion of the withdrawn money and give the balance back to the gang.

Eight people from Russia, Estonia and Moldova have been indicted by a grand jury and are in custody.

RBS WorldPay is one of the world's leading payment processing businesses and the allegations raise new questions over the security of global financial systems.

Click here for more breaking stories from Sky News

Send Article by Email  |  Send Article by IM  |  Blog This with Y! 360  |  Printable View

More From > Business
  Previous article : BoE Governor Talks Down UK Recovery ( Sky News)
  Next article : ITV Cashes In On X Factor Final Advertising ( Sky News)
Full Coverage : Chip & Pin and Cash Machines
  Previous article : Fee change for small banks to access money market ops ( Reuters)
  Next article : CORRECTED-Britons face higher credit card charges ( Reuters)
Yahoo! Finance : Financial Scandals | Financial Scandal News Headlines - Yahoo! Finance UK
  Previous article : Total Pleads Guilty Over Buncefield Blast ( Sky News)
  Next article : Madoff accountant to plead guilty: prosecutors ( )

Sky News
FTSE 100  Gainers  Losers
FTSE 250 Quotes by Sector
Dow Jones  Nasdaq  S&P 500
DAX 30   Eurostoxx 50
 

Recession

  Just how deep is the trough?
Banking Crisis
 

Are the banks out of the woods?

Stock Market Crash
  Explaining the global market turmoil
Money saving Tips
 

How to beat the credit crunch

Isn't Finance Funny?
 

Scandals and silliness


Message Boards
Property Pensions
Savings Utilities
UK Stocks Investing
Speach bubble EVOLUTION=PREPOSTEROUS BEYOND WORDS
Speach bubble MANKIND IS THIRSTY! THIRSTY FOR GOD., SOME KNOW THE TRUTH SOME DON'T
Speach bubble THERE IS NO GOD
Speach bubble GOD WAS,IS AND WILL ALWAYS BE!! PTL.
Speach bubble Bad News for MiPi's Salary


Archives of
Copyright © 2009 Sky News. All rights reserved.