Baking Tech on 13th August reported that the FBI is said to be warning banks that cybercriminals are preparing to carry out a global fraud scheme known as an “ATM cash-out”.   This cash-out means that thieves can use a bank or payment card processor and use cloned cards at cash machines to potentially withdraw millions of dollars in a few hours.


Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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