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ATM Heist Clears $1 Million Exploiting Citigroup E-Payment Flaw

Thursday, November 1, 2012 - 5:56 AM
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.

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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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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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