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New Arrests in $45 Million ATM Cash-Out

Five more arrests are made in connection with $45 million ATM cash-out and prepaid card fraud scheme. Experts warn of bigger and more sophisticated ATM cash out schemes linked to prepaid cards. “The risk-reward picture is very attractive to those who are inclined to steal from others for their own personal gain,” expert says. Experts say law enforcement is improving its ability to connect the dots to the fraud dots, but there are still several more suspects still at large, experts say. In June, federal authorities charged eight suspects in another major ATM cashout and cybercrime scheme.”]

Source: https://www.cuinfosecurity.com/new-arrests-in-45-million-atm-cash-out-a-6242

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