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But The Transaction Fees Ate Most Of That Up
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Forget "Ocean's 11": Bank thieves acting in concert in over two dozen countries were able to steal $45 million from thousands of ATMs in just a few hours. They got $2.4 million in just over 10 hours from New York ATMs alone. The alleged ringleader was found dead in the Dominican Republic in April, but they've indicted eight members of the New York group. the article is almost a how-to: they were able to infiltrate one Indian credit card processing company and another in the U.S., got into the database of prepaid debit cards, got rid of the withdrawal limits, and then had cruise in several countries take the account numbers, put them on magnetic strength cards, and kit ATMs across their cities. It almost seems too easy. But that's how it's done now, not with guns, but with laptops. (New York Times)
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