Category Archives: National Bank of Blacksburg

Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

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On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries. Continue reading Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning→

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

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The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours. Continue reading FBI Warns of ‘Unlimited’ ATM Cashout Blitz→

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→