Security Magazine logo
search
cart
facebook twitter linkedin youtube
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Security Magazine logo
  • NEWS
    • Security Newswire
    • Technologies & Solutions
  • MANAGEMENT
    • Leadership Management
    • Enterprise Services
    • Security Education & Training
    • Logical Security
    • Security & Business Resilience
    • Profiles in Excellence
  • PHYSICAL
    • Access Management
    • Fire & Life Safety
    • Identity Management
    • Physical Security
    • Video Surveillance
    • Case Studies (Physical)
  • CYBER
    • Cybersecurity News
    • More
  • BLOG
  • COLUMNS
    • Career Intelligence
    • Cyber Tactics
    • Cybersecurity Education & Training
    • Leadership & Management
    • Security Talk
  • EXCLUSIVES
    • Annual Guarding Report
    • Most Influential People in Security
    • The Security Benchmark Report
    • Top Guard and Security Officer Companies
    • Top Cybersecurity Leaders
    • Women in Security
  • SECTORS
    • Arenas / Stadiums / Leagues / Entertainment
    • Banking/Finance/Insurance
    • Construction, Real Estate, Property Management
    • Education: K-12
    • Education: University
    • Government: Federal, State and Local
    • Hospitality & Casinos
    • Hospitals & Medical Centers
    • Infrastructure:Electric,Gas & Water
    • Ports: Sea, Land, & Air
    • Retail/Restaurants/Convenience
    • Transportation/Logistics/Supply Chain/Distribution/ Warehousing
  • EVENTS
    • Industry Events
    • Webinars
    • Solutions by Sector
    • Security 500 Conference
  • MEDIA
    • Interactive Spotlight
    • Photo Galleries
    • Podcasts
    • Polls
    • Videos
      • Cybersecurity & Geopolitical Discussion
      • Ask Me Anything (AMA) Series
  • MORE
    • Call for Entries
    • Classifieds & Job Listings
    • Continuing Education
    • Newsletter
    • Sponsor Insights
    • Store
    • White Papers
  • EMAG
    • eMagazine
    • This Month's Content
    • Advertise
  • SIGN UP!
Cybersecurity NewsRetail/Restaurants/Convenience

Hackers Stole $45 Million in ATM Card Breach

May 9, 2013

An alleged international gang of cyber thieves managed to steal $45 million from thousands of ATMs in carefully coordinated attacks conducted in a matter of hours.

 Afour-count indictment unsealed in Brooklyn charged that eight members of the alleged gang's New York City crew stole approximately $2.4 million from nearly 3,000 ATMs across the metropolitan area in secret strikes carried out on two days in February, said USA Today.

"In the place of guns and masks, this cybercrime organization used laptops and the Internet," said Brooklyn U.S. Attorney Loretta Lynch. "Moving as swiftly as data over the Internet, the organization worked its way from the computer systems of international corporations to the streets of New York City, with the defendants fanning out across Manhattan to steal millions of dollars from hundreds of ATMS."

Federal prosecutors and investigators said the alleged attacks are known in the cyber underworld as "Unlimited Operations" — because using sophisticated computer hacking techniques enable those involved to gain access to virtually unlimited criminal proceeds, said USA Today.

The schemes involve hacking into the computer systems of credit card processors, stealing information involving prepaid debit card accounts and eliminating the withdrawal limits and balances of those accounts, said USA Today. The moves enable international organized crime cells that work in swift, surgically-coordinated attacks to withdraw unlimited amounts of cash from ATMs before the operations are shut down.

According to the indictment, the alleged gang carried out two lucrative unlimited operations between October 2012 and last month. In the initial attack, hackers working with the gang on Dec. 22 allegedly targeted a credit card processor that handled prepaid MasterCard debit cards issued by the National Bank of Ras Al-Khaimah PSC, a United Arab Emirates bank also known as RAKBANK.

After penetrating the processor's computer network, the hackers fraudulently manipulated the balances and withdrawal limits on RAKBANK prepaid debit card accounts. Then, teams of so-called cashers allegedly launched carefully timed attacks that caused more than $5 million in criminal losses from more than 4,500 ATMs in about 20 countries.

In just two hours and 25 minutes, the thieves allegedly conducted 750 fraudulent transactions that withdrew nearly $400,000 from approximately 140 New York City ATM locations, according to prosecutors and the indictment.

The alleged second unlimited operation unfolded between the afternoon of Feb. 19 and the pre-dawn hours of the following day. This time, the gang's hackers allegedly compromised computers of the processor of prepaid debit cards for the Bank of Muscat, located in Oman.

In approximately 10 hours, casher cells in 24 countries conducted approximately 36,000 ATM transactions worldwide, withdrawing an estimated $40 million, the indictment charged. The haul included $2.4 million withdrawn by the alleged New York crew.

In all, seven of the eight suspected members of the gang's New York crew have been arrested and indicted on charges of conspiracy to commit access device fraud, money laundering conspiracy and money laundering.

KEYWORDS: ATM security cybercrime hacking

Share This Story

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Recommended Content

JOIN TODAY
To unlock your recommendations.

Already have an account? Sign In

  • Iintegration and use of emerging tools

    Future Proof Your Security Career with AI Skills

    AI’s evolution demands security leaders master...
    Security Education & Training
    By: Jerry J. Brennan and Joanne R. Pollock
  • The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report

    The 2025 Security Benchmark Report surveys enterprise...
    The Security Benchmark Report
    By: Rachelle Blair-Frasier
  • The Most Influential People in Security 2025

    Security’s Most Influential People in Security 2025

    Security Magazine’s 2025 Most Influential People in...
    Most Influential People in Security
    By: Security Staff
Manage My Account
  • Security Newsletter
  • eMagazine Subscriptions
  • Manage My Preferences
  • Online Registration
  • Mobile App
  • Subscription Customer Service

More Videos

Sponsored Content

Sponsored Content is a special paid section where industry companies provide high quality, objective, non-commercial content around topics of interest to the Security audience. All Sponsored Content is supplied by the advertising company and any opinions expressed in this article are those of the author and not necessarily reflect the views of Security or its parent company, BNP Media. Interested in participating in our Sponsored Content section? Contact your local rep!

close
  • critical event management
    Sponsored byEverbridge

    Why a Unified View Across IT, Continuity, and Security Makes or Breaks Crisis Response

  • Charlotte Star Room
    Sponsored byAMAROK

    In an Uncertain Economy, Security Is a Necessity - Not an Afterthought

  • Sureview screen
    Sponsored bySureView Systems

    The Evolution of Automation in the Command Center

Popular Stories

The Lourve

The Lourve Heist: What Was the State of the Museum’s Security?

The 2025 Security Benchmark Report

The 2025 Security Benchmark Report

Office supplies

Security Leaders Share Why 77% Organizations Lose Data Due to Insider Risks

American Airlines

Security Leaders Discuss Cyberattack on American Airlines Subsidiary

Going Down with the Ship

Going Down with the Ship

Top Cybersecurity Leaders

Events

September 18, 2025

Security Under Fire: Insights on Active Shooter Preparedness and Recovery

ON DEMAND: In today’s complex threat environment, active shooter incidents demand swift, coordinated and well-informed responses.

November 17, 2025

SECURITY 500 Conference

This event is designed to provide security executives, government officials and leaders of industry with vital information on how to elevate their programs while allowing attendees to share their strategies and solutions with other security industry executives.

View All Submit An Event

Products

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

Security Culture: A How-to Guide for Improving Security Culture and Dealing with People Risk in Your Organisation

See More Products

Related Articles

  • Hackers Steal $13.5 Million from Indian Bank in ATM Scheme

    See More
  • NYC Waiters Stole $1 million in Credit Card Scam

    See More
  • FBI: Speedy Cash Kiosk Hackers Stole $1 Million

    See More

Related Products

See More Products
  • Hospitality Security: Managing Security in Today's Hotel, Lodging, Entertainment, and Tourism Environment

  • Physical Layer Security in Wireless Communications

  • s in europe.jpg

    Surveillance in Europe

See More Products
×

Sign-up to receive top management & result-driven techniques in the industry.

Join over 20,000+ industry leaders who receive our premium content.

SIGN UP TODAY!
  • RESOURCES
    • Advertise
    • Contact Us
    • Store
    • Want More
  • SIGN UP TODAY
    • Create Account
    • eMagazine
    • Newsletter
    • Customer Service
    • Manage Preferences
  • SERVICES
    • Marketing Services
    • Reprints
    • Market Research
    • List Rental
    • Survey/Respondent Access
  • STAY CONNECTED
    • LinkedIn
    • Facebook
    • YouTube
    • X (Twitter)
  • PRIVACY
    • PRIVACY POLICY
    • TERMS & CONDITIONS
    • DO NOT SELL MY PERSONAL INFORMATION
    • PRIVACY REQUEST
    • ACCESSIBILITY

Copyright ©2025. All Rights Reserved BNP Media.

Design, CMS, Hosting & Web Development :: ePublishing