Previous stories on KrebsOnSecurity about ATM skimming attacks have focused on innovative fraud devices made to attach to the outside of compromised ATMs. Security experts are now warning about the emergence of a new class of skimming scams aimed at draining ATM cash deposits via a novel and complex attack.. At issue is a form of ATM fraud known as a The link for this article located at Krebs on Security is no longer available. . In the ever-changing realm of financial crime, a sly ATM fraud method uses advanced skimming tech to drain funds directly from unsuspecting users' accounts. ATM Fraud Prevention, Skimming Security Measures, Financial Theft. . LinuxSecurity.com Team
When a small-time Tennessee restaurateur named Khaled Abdel Fattah was running short of cash he went to an ATM machine. Actually, according to federal prosecutors, he went to a lot of them. Over 18 months, he visited a slew of small kiosk ATMs around Nashville and withdrew a total of more than $400,000 in 20-dollar bills. The only problem: It wasn. Now Fattah and an associate named Chris Folad are facing 30 counts of computer fraud and conspiracy, after a Secret Service investigation uncovered evidence that the men had essentially robbed the cash machines using nothing more than the keypad. Using a special button sequence and some insider knowledge, they allegedly reconfigured the ATMs to believe they were dispensing one dollar bills, instead of the twenties actually loaded into the cash trays, according to a federal indictment issued in the case late last month. A withdrawal of $20 thus caused the machine to spit out $400 in cash, for a profit of a $380.. Discover how a duo of criminals took advantage of security flaws in ATM systems to illicitly extract money, resulting in severe legal repercussions.. ATM Hacking Techniques, Criminal Activities, Cash Withdrawal Exploits. . LinuxSecurity.com Team
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