‘ATM Cash-out’ is a meticulously planned, highly choreographed, global cyber attack wherein hackers breach a bank or payment card processor’s cybersecurity systems and use cloned debit cards at multiple ATM machines around the world to fraudulently withdraw millions of dollars within a short period of time.
Based on Blockchain technology and built on Microsoft Azure the solution aims at mitigating the issue of unsolicited commercial communication (UCC) in the country.
Earlier this week high street retailer Superdrug was contacted by a lone hacker claiming that they had stolen the personal information of up to 20,000 customers and demanded a ransom in exchange for the information. This included customers' names, addresses, and other personal details, but no payment or card information.
The Chinese government has banned more than a half dozen online media outlets after they published information on cryptocurrencies, and a regional government authority clamped down on all venues hosting crypto events.
Attacks on customers of financial organizations, including banks, payment systems, and e- shop transactions, are an enduring trend in cybercrime and involve the theft of money as well as of personal data.