Crooks print $10 million ATM dollars by hacking Visa debit system

Organized hackers stole almost $11 million through ATM heists, prompting Visa to warn U.S. payment card issuers to be on high-alert for additional ATM cash-out fraud schemes in the New Year. "Using a small number of re-loadable prepaid debit cards tied to accounts that they controlled, scammers began pulling cash out of ATMs in at least a dozen countries. Within hours, the perpetrators had stolen approximately $9 million." ". . .It remains unclear who the victim prepaid card issuer is, or which organization(s) may have been hacked to supply the funds added to the counterfeit prepaid cards. . . .the fact that the attackers were able to raise or eliminate the daily withdrawal limits on the cards means they had access to the internal systems of a prepaid card network. Such access may have allowed the attackers to in effect print their own money." When they struck again, this time they attacked a card network in India and made off with slightly less than $2 million.