Federal authorities have charged eight suspects in yet another ATM cash-out and cybercrime scheme. The case involved online account takeovers and prepaid card compromises. The government’s ongoing investigation has so far identified attempts to defraud the victim companies and their customers of more than $15 million, federal prosecutors say. The eight defendants have been charged with conspiracy to commit wire fraud, money laundering and ID theft. Experts say these types of cash out attacks are an emerging trend that card-issuing banks and credit unions need to take seriously.”]
Source: https://www.cuinfosecurity.com/another-huge-cash-out-scheme-revealed-a-5834