Eight individuals faced charges in New York
yesterday, related to a global cyber crime ring that stole $45m in one of the biggest bank ATM heists in history. The heist is believed
to have involved hundreds of people and 27 countries. A four-count federal indictment was unsealed in Brooklyn on
Thursday, charging eight defendants with participating in two worldwide
cyberattacks that inflicted $45m in losses on the global financial system
in a matter of hours.
The defendants allegedly formed the New York-based cell of an international
cybercrime organization that used sophisticated intrusion techniques to hack
into the systems of global financial institutions, steal prepaid debit card
data, and eliminate withdrawal limits. The stolen card data was then
disseminated worldwide and used in making fraudulent ATM withdrawals on a
massive scale across the globe.
The eight indicted defendants and their co-conspirators targeted New York
City and withdrew approximately $2.8m in a matter of hours. The defendants are
charged variously with conspiracy to commit access device fraud, money
laundering conspiracy, and money laundering.
"In the place of guns and masks, this cyber crime organization used laptops
and the Internet," US Attorney for the Eastern District of New York Loretta
Lynch said at a news conference, referring to the crime as a "massive 21st century
One cell in larger ring
In all, the global crime ring stole $45m from two
Middle Eastern banks by hacking into credit card processing firms and
withdrawing money from ATMs in 27 countries, US prosecutors said on Thursday.
Details of indictment
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