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Detangling the $45 Million Cyberheist

The $45 million cyberheist and ATM cash-out scheme was part of two well-orchestrated global ATM heist operations. Experts say pinpointing the source of such a massive breach can prove to be extremely difficult. One payments processor is claiming it had no data intercepted, and the other has yet to make a statement. It’s critical that all card issuers monitor their networks and catch fraudulent transactions before card compromises lead to major financial losses, security experts advise. Financial fraud experts say card issuer companies often have little recourse for recuperating stolen funds.”]

Source: https://www.cuinfosecurity.com/detangling-45-million-cyberheist-a-5759

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