Cyber bandits suck $45 million out of payment card processor and ATMs worldwide

Hundreds of associates struck twice, first in December, when they hacked into an Indian bank, and then withdrew money from ATMs all over the globe, totaling $5 million. The second hit occurred in February. That breach targeted a Visa and MasterCard processor in the U.S. The loss during that hack totaled about $40 million.

The case apparently is tied to a $10 million heist reported in February by Krebs on Security blog, according to Brian Krebs, who runs the site and wrote the original story.    

On May 9, CBS News senior correspondent director John Miller, a former FBI assistant reported, "What you have here is you've got backers. These are people who have got big money who are paying people to break into the bank systems, get the PIN numbers of debit card accounts and so on - those are the hackers. So the backers pay the hackers. Then you go to the cashers, and the cashers- once the backers have paid the hackers they've broken through, they've now gotten the PIN codes and they've raised the limits on the accounts to be unlimited for withdrawal, the cashers go out. When they get the PIN numbers and the signals on their smartphones, they're told 'go.' In the case in New York, the New York cell went up and down Broadway and in the course of two hours took $2.8 million out of ATMs from 116th Street to 23rd Street in a line."