Bank Accounts And PINs Stolen Over Internet Reap Hackers Millions From Citibank
- By Grey McKenzie
- Published 06/20/2008
Grey McKenzie
National Cyber Security Founder
Cyber security watchdog & one of the nation's leading cyber security experts, Grey McKenzie is also the Founder of SpyCop Security Software & Soft Media Publishing Incorporated.
His clients include members of the US Department of Homeland Security, US State Department, US Department of Defense, US Federal Bureau of Investigation, US Central Intelligence Agency, State & Local Law Enforcement not to mention over 50,000 companies & individuals worldwide.
He is regularly consulted by industry leaders regarding cyber security issues.
To schedule a procedural, technical and non-technical network security audit of your company call 902-532-2262
Hacking is big business and with all the tools available to anyone online, it's getting easier and easier to turn to a life of cyber crime.
The networking of cyber criminals is made easier over the Internet and in many cases the hacking tools are for rent to anyone who stumbles upon these underground websites.
The following excerpt by Chuck Miller over at SC Mag explains...
" According to a federal grand jury indictment, two hackers, using bank accounts and PINs stolen over the internet, managed to steal millions of dollars from Citibank.
The two charged were a Ukrainian immigrant named Yuriy Ryabinin, and Ivan Biltse.
The pair are alleged to be part of a worldwide scam that has made 9,000 fraudulent
ATM withdrawals, according to court
documents. The money was drained from ATMs in the New York area,
authorities said.
“On or about February 1, 2008, Citibank representatives informed the FBI that a Citibank server that processes ATM withdrawals at 7-11 convenience stores had been breached," according to an affidavit filed with a New York federal court by Albert Murray, an FBI special agent.
There were hundreds of ATM withdrawals in New York from October 2007 to March of this year, all using the breached information, authorities said.
Some of the illicit withdrawals were videotaped. The criminals used ATM cards encoded with Citibank customer account information to withdraw the money."
Full Story
The networking of cyber criminals is made easier over the Internet and in many cases the hacking tools are for rent to anyone who stumbles upon these underground websites.
The following excerpt by Chuck Miller over at SC Mag explains...
" According to a federal grand jury indictment, two hackers, using bank accounts and PINs stolen over the internet, managed to steal millions of dollars from Citibank.
The two charged were a Ukrainian immigrant named Yuriy Ryabinin, and Ivan Biltse.
The pair are alleged to be part of a worldwide scam that has made 9,000 fraudulent
“On or about February 1, 2008, Citibank representatives informed the FBI that a Citibank server that processes ATM withdrawals at 7-11 convenience stores had been breached," according to an affidavit filed with a New York federal court by Albert Murray, an FBI special agent.
There were hundreds of ATM withdrawals in New York from October 2007 to March of this year, all using the breached information, authorities said.
Some of the illicit withdrawals were videotaped. The criminals used ATM cards encoded with Citibank customer account information to withdraw the money."
Full Story
