Russian ATM Hackers Steal $4 Million in Cash with 'Reverse ATM Hack' Technique
Nov 25, 2015
Russian hackers have discovered a novel technique to rip off Millions of dollars from banks and ATMs. Criminals in Russia used a technique, called " Reverse ATM Attack ," and stole 252 Million Rubles ( US$3.8 Million ) from at least five different banks, according to the information obtained by Russian digital intelligence firm Group-IB . What is Reverse ATM Attack? According to the intelligence firm, an attacker would deposit sums of 5,000, 10,000 and 30,000 Rubles into legitimate bank accounts using ATMs, and immediately withdraw the same amounts right away with a printed receipt of the payment transaction. The details included in the receipt, containing a payment reference number and the amount withdrawn, would then be transferred to a partner hacker, who had remote access to the infected POS terminals, usually located outside of Russia. Also Read: German Bank ATMs vulnerable to Hackers The partner hacker would then use these details to perform a reversal ...