Big increase in ATM withdrawals by criminals after Home Depot theft

[thewayne]

The thieves are exploiting weak bank phone voice response systems to reset the PINs then use the forged cards in ATMs. Some are also calling the bank direct using MagicJack phone numbers and telling them they're traveling in Italy, so one bank obligingly increased the daily withdrawal limit and it lost $300,000 in two hours.

http://krebsonsecurity.com/2014/09/in-wake-of-confirmed-breach-at-home-depot-banks-see-spike-in-pin-debit-card-fraud/

Comments

[silveradept]

That's...sophisticated, certainly. One can only hope that the system will catch up and be effective against whatever the next attack vector is.