18
Feb
09

The Latest ATM Scam – 9 Million Lost and No Suspects!

The sophistication of attacks is constantly growing.   This video and attached news link demonstrates the power of gaining centralized control over some system that coordinates subsystems all over the country.  In this case it’s ATM systems linked to a centralized payroll system run by RBS WorldPay – it could have easily been power grids or air traffic control, but in this case the attacker has compromised a central database of people who are paid by inserting debit-like cards into an ATM that will then transfer money from the employer to the employee. 

There are two interesting aspects of this story.  First, it’s not one person taking advantage of a system, but rather 130 ATMs over 49 cities compromised within a 30 minute period – a large number of coordinated thieves were involved.  Second is the timeframe – the report shows this attack happening in November, and being disclosed this week.  The ATMs are all on camera, but once again, detection only works when people are watching for alerts. 

This type of attack makes a strong case for real-time detection response, a program that is delivered to your customers through a managed security offering.  Logging data is of no use if no one is there to watch it.  No suspects, no arrests, but there is one asset owner lawsuit in process…focus on the asset owners, they control the budget.

http://www.myfoxny.com/dpp/news/090202_FBI_Investigates_9_Million_ATM_Scam


2 Responses to “The Latest ATM Scam – 9 Million Lost and No Suspects!”


  1. 1 profitprogram
    February 18, 2009 at 10:41 am

    Peter, I totally agree – active monitoring is a key to strong security!


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s


Free Book

Subscribe by Feeder

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 263 other followers

My Twitter Profile

Order Now!


Follow

Get every new post delivered to your Inbox.

Join 263 other followers