Crooks Nab Citibank ATM Codes, Steal Millions
Slashdot recounts how Citibank is reissuing ATM cards on the heels of a server breach where hackers stole customer PIN codes. Wired magazine published two related articles about the FBI's arrest of 10 people allegedly involved in stealing over $2 million from Citibank checking and savings accounts, two of which were Ukrainian immigrants each caught with $800,000 in cash stashed in boxes in their homes.
The ATM crime caper is apparently the first to be publicly linked to the breach of a major US Bank's systems, say experts.
"We've never heard of PINs coming out of the bank environment," says Dan Clements, CEO of the fraud watchdog company CardCops, who monitors crime forums for stolen information.
See complete details at WIRED ThreatLevel on June 18th and WIRED ThreatLevel on June 24th.