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Everything you need to know about ATM attacks and fraud: Part 1

Flashback to two years ago. At exactly 12:33 a.m., a solitary ATM somewhere in Taichung City, Taiwan, spewed out 90,000 TWD (New Taiwan Dollar)—about US$2,900 today—in bank notes. No one was cashing out money from the ATM at the time. In fact, this seemingly odd system glitch was actually a test: The culprit who successfully infiltrated one of First Commercial Bank’s London branch servers … [Read more...]