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Thursday, November 1, 2012 - 5:56 AM
ATM Heist Clears $1 Million Exploiting Citigroup E-Payment Flaw
From Ars Technica
Federal authorities said they uncovered an advanced bank heist that defrauded Citigroup of more than $1 million by exploiting a security loophole in the way it handles electronic payments.Credit for this find goes to this FW thread. It's interesting to see some of the comments in that FW thread questioning if this should be considered a criminal offense. It reminds me of the case in which two FW members plead guilty for wire fraud. I would say for this Citi case, it's even more of a blatant criminal offense.
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