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Cyberthieves Looted A.t.m.’S Of $45 Million In Just Hours

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http://www.nytimes.com/2013/05/10/nyregion/eight-charged-in-45-million-global-cyber-bank-thefts.html?ref=business&_r=0

It was a huge bank heist – but a 21st-century version in which the robbers never wore ski masks, threatened a teller or set foot in a vault.

Yet, in two precision operations that involved people in more than two dozen countries acting in close coordination and with surgical precision, the organization was able to steal $45 million from thousands of A.T.M.'s in a matter of hours.

In New York City alone, the thieves responsible for A.T.M. withdrawals struck 2,904 machines over 10 hours on Feb. 19, withdrawing $2.4 million.

On Thursday, federal prosecutors in Brooklyn unsealed an indictment charging eight members of the New York crew – including their suspected ringleader who was found dead in the Dominican Republic on April 27 -- offering a glimpse into what the authorities said was one of the most sophisticated and effective cybercrime attacks ever uncovered.

I'm shocked Wall Street haven't offered them jobs...

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Good for them, if you've got the skills why not. Morality has been redefined by the bankers and politicians, working doesn't pay, prudence doesn't pay, short termism and grabbing all you can get at the expense of everyone else is what is most rewarded.

Well done to them.

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Why? 45 million is pocket money for banksters.

That's true- it's nothing compared to the wholesale looting of the banksters- but unlike them these people will be jailed if they get caught.

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It's disgraceful.

The loss of $45m means that the banks have $45m less in deposits, meaning that they will be unable to conjure up $405m more out of thin air through fractional reserve lending, and loan it out at high interest rates.

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Good for them, if you've got the skills why not. Morality has been redefined by the bankers and politicians, working doesn't pay, prudence doesn't pay, short termism and grabbing all you can get at the expense of everyone else is what is most rewarded.

Well done to them.

Sadly, I'm coming round to your way of thinking.

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The loss of $45m means that the banks have $45m less in deposits, meaning that they will be unable to conjure up $405m more out of thin air through fractional reserve lending, and loan it out at high interest rates.
An updated version of forging notes and weakening trust in money. The gold bugs will love this.

Of god not again. It's nice weather so who-ever normally keeps the MCLs on a leash has gone to the pub.

All these robbers appear to have done is get someone inside the banks (possibly hacking the computer or more likely by applying for a job) and then raised the credit limits and daily withdrawal limits of a load of cards they have skimmed.

Then they just needed armies of people to go around with boxes of cards withdrawing the max from each cash machine in town on each card.

The only think amazing about this is that no-one thought of it before. (Or maybe they did and the banks covered it up.)

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Of god not again. It's nice weather so who-ever normally keeps the MCLs on a leash has gone to the pub.

All these robbers appear to have done is get someone inside the banks (possibly hacking the computer or more likely by applying for a job) and then raised the credit limits and daily withdrawal limits of a load of cards they have skimmed.

Then they just needed armies of people to go around with boxes of cards withdrawing the max from each cash machine in town on each card.

The only think amazing about this is that no-one thought of it before. (Or maybe they did and the banks covered it up.)

That sounds like a lot of effort to steal a mere $45 million when the banksters steal billions on an ongoing basis - and with no chance of ever being subject to the justice system - just by making the right 'friends' in the financial authorities and government.

It's good to see that some money thieves still believe in the old fashioned values of working and taking risks for their ill-gotten gains.

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It's good to see that some money thieves still believe in the old fashioned values of working and taking risks for their ill-gotten gains.

:lol:

Doing 'the right thing', making a plan, working hard, getting up early as well I expect. Inspirational.

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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