{"id":81694,"date":"2018-08-13T17:42:24","date_gmt":"2018-08-14T00:42:24","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2018\/08\/fbi-warns-banks-about-atm-cash-out-scheme"},"modified":"2018-08-13T17:42:24","modified_gmt":"2018-08-14T00:42:24","slug":"fbi-warns-banks-about-atm-cash-out-scheme","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2018\/08\/fbi-warns-banks-about-atm-cash-out-scheme","title":{"rendered":"FBI warns banks about ATM cash-out scheme"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/fbi-warns-banks-about-atm-cash-out-scheme.jpg\"><\/a><\/p>\n<p>The FBI is warning banks about a fraud scheme called an ATM cash-out, <em><a href=\"https:\/\/krebsonsecurity.com\/2018\/08\/fbi-warns-of-unlimited-atm-cashout-blitz\/\">Krebs on Security<\/a><\/em> reports. With this type of <a href=\"https:\/\/www.engadget.com\/2018\/01\/28\/atm-jackpotting-hacks-reach-the-us\/\">heist<\/a>, attackers typically compromise a bank or <a href=\"https:\/\/www.engadget.com\/2018\/08\/01\/three-men-arrested-stealing-15-million-payment-cards\/\">payment card<\/a> processor with malware, disable fraud controls and withdraw large sums of money \u2014 sometimes millions of dollars \u2014 with cloned bank cards. The FBI reportedly sent an alert to banks last week. \u201cThe FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach and commonly referred to as an \u2018unlimited operation\u2019,\u201d said the notice.<\/p>\n<p>Once hackers gain access to a financial institution\u2019s system, often through phishing, they\u2019ll alter account balances as well as disable maximum ATM withdrawal amounts and transaction limits. That way, they can quickly take out large amounts of cash from ATMs with fraudulent bank cards made from stolen card data and gift cards.<\/p>\n<p>Last month, <em>Krebs on Security<\/em> <a href=\"https:\/\/krebsonsecurity.com\/2018\/07\/hackers-breached-virginia-bank-twice-in-eight-months-stole-2-4m\/\">reported<\/a> on two successful applications of this type of scheme. Hackers were able to steal around $2.4 million from The National Bank of Blacksburg through two ATM cash-outs in 2016 and 2017.<\/p>\n<p><!-- Link: <a href=\"https:\/\/www.engadget.com\/2018\/08\/13\/fbi-warns-banks-atm-cash-out\/\">https:\/\/www.engadget.com\/2018\/08\/13\/fbi-warns-banks-atm-cash-out\/<\/a> --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FBI is warning banks about a fraud scheme called an ATM cash-out, Krebs on Security reports. With this type of heist, attackers typically compromise a bank or payment card processor with malware, disable fraud controls and withdraw large sums of money \u2014 sometimes millions of dollars \u2014 with cloned bank cards. The FBI reportedly [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-81694","post","type-post","status-publish","format-standard","hentry","category-finance"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/81694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=81694"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/81694\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=81694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=81694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=81694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}