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Five arrests made in $45 million cyberheist

Five arrests made in $45 million cyberheist

Five men in New York have been arrested in connection to a huge cyberheist after

A Cyberheist game image

Wannabe movie thugs in massive cyberheist

“packing bags to the brim with stolen cash.”

Federal prosecutors said that the group of thieves were members of a international hacking organization that stole more than $45 million from several global banks earlier this year.

The defendants, named Jaindhi Polanco, Saul Franjul, Anthony Diaz, Saul Genao and Jose Angeley Valerio allegedly used “sophisticated intrusion techniques” to steal tens of millions of dollars from banks including siphoning money from prepaid credit cards and making fraudulent ATM transactions. They collaborated with six other men who have already been indicted.

ABC News describes how the crooks’ actions went down:

According to court records, the international group of hackers targeted prepaid debit cards issued by Rakbank, based in the United Arab Emirates, and Bank Muscat, based in Oman. They eliminated withdrawal limits from compromised accounts, then sent teams of “cashiers” to make simultaneous withdrawals from ATMs all over the globe.

In New York, the men stole more than $3 million from 140 different ATMs in just a few hours. A release says the money was transported via bus to the group’s organizers in Miami. The guys, all aged in their twenties, allegedly used the money to live their Best Life, including spending thousands of dollars at nightclubs and for shopping sprees.

The post Five arrests made in $45 million cyberheist appeared first on Payments Cards & Mobile.

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