National Bank of Blacksburg – Computer Security Articles

Indian Bank Hit in $13.5M Cyberheist After FBI ATM Cashout Warning

August 17, 2018 admin A Little Sunshine, ALM Trading Limited, Cosmos Bank, data breaches, Hang Seng Bank, National Bank of Blacksburg, Reuters, Rupay, The Coming Storm, TN Raghunatha, Visa

Credit to Author: BrianKrebs| Date: Fri, 17 Aug 2018 19:27:10 +0000

On Sunday, Aug. 12, KrebsOnSecurity carried an exclusive: The FBI was warning banks about an imminent “ATM cashout” scheme about to unfold across the globe, thanks to a data breach at an unknown financial institution. On Aug. 14, a bank in India disclosed hackers had broken into its servers, stealing nearly $2 million in fraudulent bank transfers and $11.5 million unauthorized ATM withdrawals from more than two dozen cash machines across multiple countries.

Independent Krebs

FBI Warns of ‘Unlimited’ ATM Cashout Blitz

August 12, 2018 admin atm cashout, data breaches, FBI, National Bank of Blacksburg, Ne'er-Do-Well News, unlimited ATM cashout

Credit to Author: BrianKrebs| Date: Mon, 13 Aug 2018 00:28:11 +0000

The Federal Bureau of Investigation (FBI) is warning banks that cybercriminals are preparing to carry out a highly choreographed, global fraud scheme known as an “ATM cash-out,” in which crooks hack a bank or payment card processor and use cloned cards at cash machines around the world to fraudulently withdraw millions of dollars in just a few hours.

Independent Krebs

Hackers Breached Virginia Bank Twice in Eight Months, Stole $2.4M

July 24, 2018 admin ATM fraud, C&E rider, Charisse Castagnoli, data breaches, Everest National Insurance Company, First Data, Foregenix, John Marshall Law School, Microsoft Word, National Bank of Blacksburg, Navigator, STAR Network, Verizon

Credit to Author: BrianKrebs| Date: Tue, 24 Jul 2018 13:38:12 +0000

Hackers used phishing emails to break into a Virginia bank in two separate cyber intrusions over an eight-month period, making off with more than $2.4 million total. Now the financial institution is suing its cybersecurity insurance provider for refusing to fully cover the losses.