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The FBI is warning banks of a potential large-scale hacking scheme

-Source-Business Insider-



  • The FBI is privately warning banks of a potential global hacking scheme that could be carried out through their ATMs.

  • The bureau sent a confidential alert to banks Friday to notify them individuals are planning a large-scale fraud scheme known as an "ATM cash-out," journalist Brian Krebs first reported on his cybersecurity news website.

FBI spokesperson Lauren Hagee did not comment on the matter specifically, but sent Business Insider the following statement in response to questions about it:


"In furtherance of public-private partnerships, the FBI routinely advises private industry of various cyber threat indicators observed during the course of our investigations. This data is provided in order to help systems administrators guard against the actions of persistent cyber criminals."


In an ATM cashout scheme, hackers can use malware to access a bank or payment card processor and sometimes make fraudulent copies of cards by imprinting stolen card data on reusable magnetic strip cards. Read more


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