For the last few months, the FBI have been investigating a breach of Citibank’s ATM transaction processing servers. We’ve seen credit card numbers get stolen before, but these compromised servers were used to collect card numbers and PINs as transactions took place. The group responsible hired people to write new cards and use them to make ATM withdrawals. The card makers would keep a percentage and launder the rest. This is just a very small part of story and the extent of the breach isn’t fully realised yet. Threat Level’s [Kevin Poulson] has the whole story on this disturbing situation.

[photo: Bryan Derballa]