FBI Warning! Unlimited ATM Cashout Scheme

The Federal Bureau of Investigation (FBI) has adviced banks that cybercriminals are planning to carry out a highly choreographed, global fraud scheme recognized as an ATM cash-out, in which criminals hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.Continue Reading…

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Russian Criminal Hacking Groups are Becoming more Like Sophisticated Corporations

A group of about 20 Russian hackers has fleeced over $1 billion from global bank accounts in the past three years, according to a new report. The international software security group Kaspersky Lab believes of that figure, $706 million has been stolen from individuals and businesses from the US and across Europe since 2012.

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