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Banks targeted in hybrid debit card scam

betanews Tuesday, 10 October 2017 ()
Researchers at SpiderLabs, the research arm of Trustwave have released results of their investigations into a major attack targeting Eastern European banks. The attack uses mules to open new accounts with minimal deposits and, crucially, request a debit card. When the new card is delivered it's shipped elsewhere and hackers then use stolen credentials to manipulate the bank's systems and raise the overdraft limit, allowing cash to be drawn from ATMs. The clever part of all this is that the cards are sent to countries outside of the issuing bank's operating region. While some targeted banks were in Russia for… [Continue Reading]
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Source: The Street - < > Embed

News video: Don't Get Hit With Overdraft Fees

Don't Get Hit With Overdraft Fees 01:13

Video Transcript: Bouncing a check or having your debit card turned down is bad enough, but do you know much it costs you? Seriously... do you know? Because most people don't. Give me 60 seconds to help stop your bank from taking your hard earned money. The Consumer Financial Protection Bureau found...

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