4 ms·
This is a pretty common method of attack on banks, and this is far from the first time it's been done. I'm guessing the criminals expect a certain level of los
by raesene9 8y ago
This is a pretty common method of attack on banks, and this is far from the first time it's been done. I'm guessing the criminals expect a certain level of loss from the mules doing the withdrawals but aren't too bothered as it's not their money :)
It goes back at least to 2009 (Worldpay US) and possibly before that.
The ATM element is important as one of the hardest parts of electronic bank theft is getting the money out of the banking system in an untraceable form.