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FBI warns of impending ATM hack
08/14/18 at 18:42:54
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FBI warns of impending ATM hack
By Leia Klingel 2018Cyber SecurityFOXBusiness


The Federal Bureau of Investigation (FBI) warned banks of a serious hacking threat that could result in millions of dollars being taking out from ATMs.

As reported by Krebs on Cybersecurity, cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out.”

Through this, crooks can hack a bank or payment card processor and used cloned cards at ATMs around the world to withdraw millions of dollars in mere hours.

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