New Gift Card Laws Also Benefit Terrorists
By Professor Jenni Hesterman, Counterterrorism Expert
Let’s say you are a bad guy and have some “dirty” money to launder. Cards might be a good idea. First of all, there is no limit to how many cards you can buy. You can buy them with cash. You can sell them on an online auction site, transfer the value to a nonbank, and liquidate it by asking for a debit card you can use anonymously at an ATM. Or you can use pre-paid Visa cards to purchase items which you can then sell. And the law change makes this method even more lucrative.
ATM on Craigslist Loaded with Card Data
By Robert Siciliano, ID Theft Expert and Security Consultant to Intelius.com
I started looking on e-bay and found plenty of new and used ATMs ranging from $500-2500 but quickly determined I didn’t want to pay $300 for shipping. Next was Craigslist, where I quickly found an ad from a bar north of Boston. They were selling pool tables, Budweiser neon signs and an ATM for $750.
Data Sniffing Trojans Hit European ATMs
By Dan Goodin in San Francisco for the Register UK
The malware logs the magnetic-stripe data and personal identification number of cards used at an infected machine and provides an intuitive interface for retrieving the information using the ATM’s receipt printer, according to analysts from Spider Labs, the research arm of security firm Trustwave. Since late 2007 or so, there have been at least 16 updates to the software, an indication that the authors are working hard to perfect their tool.
ISR News: Diebold ATM’s Under Attack
Excerpts From SearchFinancialSecurity.com
“Obviously, fraudsters have tried to connect devices to ATMs before,” he said. “Normally they attach them on the outside of the machine, so there’s something for the public to see, but if they install malware onto the machine, there’s nothing for the human eye to see.”
ISR News: PIN Number No Longer Secure
Excerpts From News.CNET.com
We all worry about keeping our online passwords safe from prying eyes. But now our faith in ATM PIN codes is being shaken.
Three people face charges in federal court in New York for allegedly breaking into Citibank’s ATM network inside 7-Eleven stores and stealing PIN codes, according to court filings reported on by The Associated Press on Tuesday.
ISR News: More Lawsuits for RBS WorldPay
Excerpts From The Scotsman
RBS WorldPay - the payment processing arm of Citizens Bank - has confirmed that, during a 30-minute period last November, thieves used 100 cloned pre-payment cards to withdraw a total of $9 million from 100 cash machines in 49 cities around the world.
