#N12BK: ATM cash-out scheme

<p>According to a report the cybersecurity blog &quot;Krebs on Security,&quot; there's a scheme going around called &quot;ATM cash-out.&quot;</p>

News 12 Staff

Aug 14, 2018, 5:52 PM

Updated 2,074 days ago

Share:

#N12BK: ATM cash-out scheme
The biggest cyber heist might be right around the corner.
According to a report the cybersecurity blog "Krebs on Security," there's a scheme going around called "ATM cash-out."
Krebs says hackers can get inside a bank or payment card processor and take large amounts of cash with stolen information.
By changing fraud controls, maximum withdrawal limits and amount of money in each account, the blog says the cybercriminals could withdraw millions of dollars in a few hours. The threat is worldwide.
The FBI is warning big banks to up their security.
Krebs notes that most attacks are launched on weekends.


More from News 12