Category Archives: atm fraud

Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

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Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its cybersecurity insurance provider for refusing to fully cover the losses. Continue reading Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M→

Stolen Passwords Fuel Cardless ATM Fraud

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Some financial instutitions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and quietly convert stolen customer bank account usernames and passwords into cold hard cash. Worse still, fraudulent cardless ATM withdrawals may prove more difficult for customers to dispute because they place the victim at the scene of the crime. Continue reading Stolen Passwords Fuel Cardless ATM Fraud→

Stolen Passwords Fuel Cardless ATM Fraud

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Some financial instutitions are now offering so-called “cardless ATM” transactions that allow customers to withdraw cash using nothing more than their mobile phones. But as the following story illustrates, this new technology also creates an avenue for thieves to quickly and quietly convert stolen customer bank account usernames and passwords into cold hard cash. Worse still, fraudulent cardless ATM withdrawals may prove more difficult for customers to dispute because they place the victim at the scene of the crime. Continue reading Stolen Passwords Fuel Cardless ATM Fraud→

Psssst! Want to get paid to use 2FA? [Chet Chat Podcast 247]

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Security experts John Shier and Paul Ducklin team up for the latest episode of our weekly podcast. Enjoy! Continue reading Psssst! Want to get paid to use 2FA? [Chet Chat Podcast 247]→