Do you want to remove all your recent searches?

All recent searches will be deleted

Like
Watch Later
Share
Add to

US charges eight in $45 million cybercrime scheme

5 years ago6 views

A global cybercrime ring stole $45 million from thousands of ATMs in two precise operations involving people in 27 countries, US prosecutors said on Thursday.

In the first operation, an unnamed Indian credit-card processing company handling Visa and MasterCard prepaid debit cards was infiltrated by hackers.

Armed with the details of MasterCard debit cards issued by the Bank of Muscat in Oman and the United Arab Emirates' RakBank, the hackers increased the available balance and withdrawal limits of the cards.

Using only five different account numbers, the hackers distributed the information to people in 20 countries who proceeded to encode the information on magnetic-stripe cards.

Cashing crews then made some 4,500 withdrawals around the world, netting $5 million.

Computer experts monitored the financial transactions of the street crews to ensure they weren't shortchanged on their cut.

US federal prosecutors charged eight men with money laundering and conspiracy to commit "access device fraud".

FOR MORE NEXT MEDIA ANIMATION, GO TO: http://www.youtube.com/subscription_center?add_user=NMAWorldEdition

FOR MORE NEXT MEDIA ANIMATION IN ENGLISH, GO TO: http://www.youtube.com/subscription_center?add_user=NMAtv

FOR MORE TOMONEWS US, GO TO:
http://www.youtube.com/subscription_center?add_user=TomoNewsUS

FOR MORE TOMONEWS JP, GO TO: http://www.youtube.com/subscription_center?add_user=TomoNewsJP

FOR MORE APPLE DAILY ENGLISH, GO TO: http://www.youtube.com/subscription_center?add_user=AppleDailyEnglish

CHECK OUT THE ODDBODS!
http://www.youtube.com/user/nxTomo

Report this video

Select an issue

Embed the video

US charges eight in $45 million cybercrime scheme
Autoplay
<iframe frameborder="0" width="480" height="270" src="//www.dailymotion.com/embed/video/x17cv22" allowfullscreen allow="autoplay"></iframe>
Add the video to your site with the embed code above