ATM Hacking Ring Taken Indicted

A nine million UBS Worldpay ATM hacking ring has been taken down by U.S. and international prosecutors in Atlanta. Eight men were indicted (16-count indictment charges) by a federal grand jury in connection with the scheme on conspiracy to commit wire fraud, wire fraud, conspiracy to commit computer fraud, computer fraud, access device fraud and aggravated identity theft

The hacking ring was said to have used fairly sophisticated techniques which allowed the hackers to bypass the encryption on debit cards.

The technique also "provided a network of 'cashers' with 44 counterfeit payroll debit cards, which were used to withdraw more than $9 million from more than 2,100 ATMs in at least 280 cities worldwide, including cities in the United States, Russia, Ukraine, Estonia, Italy, Hong Kong, Japan and Canada." (Source: Department of Justice, https://www.justice.gov/opa/pr/2009/November/09-crm-1212.html, "Alleged International Hacking Ring Caught in $9 Million Fraud")

The whole scheme lasted less than 12 hours.