Heads Up! Worldwide ATM Hack Could See Millions Withdrawn from Banks, Warns FBI

Cyber criminals are planning a highly-coordinated attack on cash machines around the world that could see millions of dollars withdrawn from customer bank accounts, the FBI has warned.

A confidential alert sent to banks stated that the scheme, known as an “ATM cashout”, could take place in the space of just a few hours, most likely on a weekend after banks have closed. The scheme involves cloned cards, together with a hack on a bank or payment processor in order to facilitate the fraudulent withdrawal of funds by gangs of cyber criminals.

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