The Federal Bureau of Investigation (FBI) has issued an alert for a "choreographed mass attack on Automated Teller Machines (ATM's)" wherein thieves use fraudulent cards to steal millions from ATM's worldwide in a matter of minutes.
Banks have been warned of an imminent threat that their cash machines could be mass-hacked by cyber criminals.
In a confidential alert on Friday, FBI told international banks that criminals are plotting a concerted global malware attack on cash machines in the next few days.
The FBI issued a warning about a highly choreographed fraud scheme known as an ATM "jackpotting", in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to take out millions in just a few minutes.
UK-based banks with large international operations, such as HSBC and Barclays, are among those thought to have been made aware of the threat.
“The FBI has obtained unspecified reporting indicating cyber criminals are planning to conduct a global Automated Teller Machine (ATM) cash-out scheme in the coming days, likely associated with an unknown card issuer breach,” the FBI warning said, according to Krebs on Security, which originally reported the alert. (HT Comment: If it is an UNKNOWN breach, why today's warning??????? How can they warn of something stemming from an UNKNOWN . . . that is going to take place within days?????)
The method usually involves physical access to a cash machine using specialized electronics and malware to take over the system and force it to dispense cash until it is empty.
Andrew Bushby, UK director at Fidelis Cybersecurity, said: “UK banks are a likely target – and this latest ‘ATM cash-out blitz’ will no doubt send shockwaves to financial institutions."
He added: "Whilst the financial services industry is heavily regulated, it doesn’t make banks immune from being attacked by cybercriminals... UK banks need to urgently take a look at their security posture."
Smaller, independent banks are considered the most vulnerable to such attacks, according to NCC Group, a cyber-security consultancy firm.
Ollie Whitehouse, global chief technology officer at NCC, said that criminals tend to target smaller banks that issue debit cards but which may have less stringent security systems.
"It's a symptom of organised crime becoming more capable, as they [criminals] become emboldened they are able to do these orchestrated activities," he said.
In one incident in Thailand in 2016, thieves made off in minutes with 12 million baht or about £280,000 from cash machines by targeting ATMs run by Government Savings Bank, a state-owned Thai bank based in Bangkok.
In another case in the US, criminals siphoned about $570,000 in cash from ATMs operated by the National Bank of Blacksburg in two separate attacks in 2016 and 2017.
Ross Brewer, a cyber security expert with LogRhythm, said: "This case may have been identified in the US, however it is a global attack and, if successful, has the potential to have widespread implications. UK banks should be concerned and need to be putting measures in place that ensure they can identify anomalous activity that could indicate the start of this attack."
Cyber criminals typically steal credit card data to create fraudulent copies of legitimate cards on reusable magnetic strip cards, the FBI warned. At a pre-determined time, the fellow conspirators withdraw account funds from ATMs using these cards and alter bank balances to force a cash machine to dispense all of its money.
The obvious question on most folks minds upon reading this story is "If they already know, why won't they stop it?"
Perhaps they don't WANT to.
Awhile back, in 2013, a strange warning was issued by certain folks derided as "Conspiracy Theorists." Recall that many MANY things derided as "Conspiracy Theory" turn out to be true!
In October 2013, folks warned that the general public WORLDWIDE was being set up to be fleeced by our own governments because those governments are all broke.
The warning said that a "virus" would be blamed for a Banking Crisis which would develop over the course of a week or so with widespread publicity. As the "virus" spreads, banks will have to close to "fix" the troubles, and the closure would happen on a Friday afternoon, with the public being told "we'll have it all fixed by Monday morning."
During the weekend, no one would be able to access accounts with credit or debit cards. No automated bill payment or wire transfers during this "temporary" closure. But in reality, during the weekend is when the accounts all get fleeced; the money stolen, and the public left broke.
Over the weekend, troops would be deployed nationwide and on Monday, instead of the problem being fixed, the public would be told the banks are insolvent, their money is gone and MARTIAL LAW has been instituted.
AT THE TIME, the "Conspiracy Theorist" warning told the public that if you hear of such a "virus" and hear that Banks have to close down for a weekend to fix things, THAT IS YOUR 72 HOUR WARNING OF MARTIAL LAW.
They told folks that they have only 72 hours to get where they plan to bug-out before such Martial law takes place, once a "Temporary" bank closure is announced.
Obviously, the alleged Conspiracy did not take place back in October, 2013 or at any time since.
Yet here we are, in 2018, we're being blatantly told by none other than Deep State HQ itself, the FBI, that a major Banking computer attack is coming "within days" . . . . . which is what reminded me of the so-called "Conspiracy Theory" from 2013.
A video outlining the 2013 warning appears below. Perhaps it is timely to revisit this warning? After all, we all see the "Deep State" losing its grip on power. President Donald Trump is breaking them and they are now desperate.
Is it possible they are undertaking a deliberate false-flag financial system "Hack" to cause widespread chaos and implement Martial Law to keep their grip on power? Or have they realized their effort to do so is futile and so they're merely undertaking widespread DESTRUCTION of our systems to take everyone down with them? Or is this coming banking crisis something else ????
Since last week, the world has been hearing that Turkey's currency, the Lira, is losing value hand-over-fist and that if it reached a level of 7.1 for each US Dollar, it will wipe out Turkish Banks. This would allegedly be the result because, at 7.1 or worse, there is not enough currency in all of Turkey for loans to be repaid in the contractually required US Dollars!
Same thing for Turkish Corporations being unable to service their debts. All totaled, if Turkey defaults, the world is looking at the largest Emerging Market Default in History, some $550 BILLION Dollars!
When the Turkish banks go insolvent, THAT will take down a number of MAJOR European Banks, and when the European Banks go under, THAT will take out a slew of US Banks.
Today, the Turkish Lira hit 7.24 for each US dollar before closing slightly better. But the close is still above 7.1 --- so based on actual mathematics, Turkey's Banks are now already insolvent.
Does that now translate into EU Banks also being insolvent? And if so, does that now also mean the major US Banks are also technically insolvent?
Is this "FBI Warning" about Banks being hacked and robbed merely a ruse to cover for a worldwide Banking System collapse based on what's happening in Turkey?
Readers should pay very close attention to this alleged pending Bank Hacking/Theft and see if any effort is made to shut the banks. If so, that may be your alert to "bug-out." You may also wish to go to your bank and take out some cash to have in the event banks are closed "for a few days / weeks/ months" so you can SURVIVE. Not to pay bills, but rather to SURVIVE. If the banks go down, cash will be king.
Keep a sharp eye on this situation as it is likely to unfold at lightning speed. Get and keep some cash for a week or two just to be safe.