> "With five account numbers in hand, the hackers distributed the information to individuals in 20 countries who then encoded the information on magnetic-stripe cards. On Dec. 21, the cashing crews made 4,500 A.T.M. transactions worldwide, stealing $5 million, according to the indictment."
If true, that's hilarious. Seriously, ATM reading magnetic stripes? What century are we, again? It seems I've traveled backwards in time. Either that, or it's a new Terminator movie plot.
I haven't seen a credit or debit card without a smartcard (which requires a PIN) in Brazil in more than a decade now. Not sure if it would have stopped this particular attack, as the magstripe readers are still there because of foreign credit cards. However, there are stricter restrictions on foreign money withdrawals which are enforced regardless of the originating bank.
If true, that's hilarious. Seriously, ATM reading magnetic stripes? What century are we, again? It seems I've traveled backwards in time. Either that, or it's a new Terminator movie plot.
I haven't seen a credit or debit card without a smartcard (which requires a PIN) in Brazil in more than a decade now. Not sure if it would have stopped this particular attack, as the magstripe readers are still there because of foreign credit cards. However, there are stricter restrictions on foreign money withdrawals which are enforced regardless of the originating bank.