Hackers crack cash machine PIN codes to steal millions
- added July 4, 2008
- 1 response
Millions of bank customers face a new threat to their money after it emerged yesterday that hackers had cracked PIN codes used in cash machines.
Citibank machines in 7-Eleven convenience stores across America were the target of the biggest and most effective remote PIN code theft scam in US banking history between last autumn and this spring when at least $2 million (£1 million) was stolen.
Details of the fraud have only now been made public, as the case makes its way through the US District Court for the Southern District of New York.
The alleged hackers — Yuriy Rakushchynets, Ivan Biltse and Angelina Kitaeva — are accused of stealing at least $2 million through the PIN scam and have been indicted on two counts each of conspiracy and fraud. It is thought that a much larger sum of money might have already been transferred to Russian bank accounts — and there are suggestions that the actual hacking was performed by another party, with the defendants simply using second-hand information to make cash withdrawals. The wording of the indictment against them is vague.
Citibank machines in 7-Eleven convenience stores across America were the target of the biggest and most effective remote PIN code theft scam in US banking history between last autumn and this spring when at least $2 million (£1 million) was stolen.
Details of the fraud have only now been made public, as the case makes its way through the US District Court for the Southern District of New York.
The alleged hackers — Yuriy Rakushchynets, Ivan Biltse and Angelina Kitaeva — are accused of stealing at least $2 million through the PIN scam and have been indicted on two counts each of conspiracy and fraud. It is thought that a much larger sum of money might have already been transferred to Russian bank accounts — and there are suggestions that the actual hacking was performed by another party, with the defendants simply using second-hand information to make cash withdrawals. The wording of the indictment against them is vague.
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my roommate is really cautious about using sketchy atms in crappy corner stores...maybe he has a point.
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- crazykatlady
- 3 months ago
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