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U.S. government charge 8 individuals with using data obtained by hacking into two credit card processors
Published in Saudi Press Agency on 09 - 05 - 2013

The U.S. government charged eight individuals with using data obtained by hacking into two credit card processors in a worldwide scheme that netted some $45 million within hours, a crime prosecutors described as one of the biggest bank heists in history, Reuters reported.
The individuals formed the New York-based cell of a global cyber criminal organization that stole Mastercard Inc debit card data from two Middle Eastern banks, the Justice Department said. The information was used to make more than 40,500 withdrawals at automated teller machines in 27 countries, prosecutors said.
The cards were issued by National Bank of Ras Al-Khaimah in the United Arab Emirates and Bank of Muscat in Oman, prosecutors said.
Bank representatives could not be reached for comment outside of regular business hours.
The case demonstrates the major threat that cyber crime still poses to banks around the world. Security experts frequently identify electronic fraud as one of the key challenges facing banks today.
-- SPA
20:27 LOCAL TIME 17:27 GMT
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