arrested

Tue
26
Nov
Dennis Faas's picture

Authorities Bust Up Worldwide ATM Fraud Scheme

Six people have been arrested in connection with a massive, worldwide ATM fraud scheme that raked in an estimated $45 million. The banks affected were based in the Middle East, though all of the suspects recently arrested hail from Yonkers, New ... York. According to reports, early this year a team of cybercriminals used "sophisticated intrusion techniques" to hack into the financial systems of at least two Middle East banks, including the National Bank of Ras Al-Khaimah (in the United Aram Emirates) and the Bank of Muscat (in Oman). The latter was hit hardest. Investigators estimate that $40 ... (view more)

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