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60-Second Cash Kiosk Hackers Steal $1 Million: FBI

Mathew J. Schwartz

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Feds announce they've busted 14 members of a gang that used rapid withdrawals at cash-advance kiosks at casinos in California and Nevada to trick Citibank.

By Mathew J. Schwartz |  InformationWeek, October 31, 2012

The FBI has arrested more than a dozen people on charges that they participated in a gang that stole over $1 million via cash-advance kiosks at 11 casinos and resorts. According to the FBI, the related indictment, unsealed Friday, said the gang "stole the money by exploiting a gap--which required multiple withdrawals all within 60 seconds--in Citibank's electronic transaction security protocols." The gang predominantly...
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Mathew J. Schwartz

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