$45 million ATM heist turns focus again on insider threats, controlling privileged access!
New wave of cyber-attacks on banks lend credence to the belief that insider threat is getting complex and cyber-criminals are increasingly targeting to siphon-off the login credentials of employees and administrative passwords of IT resources.

It is termed as the ‘massive 21st century bank heist’. A worldwide gang of cyber-criminals in multiple cities drained ATMs to the tune of $45 million in a matter of few hours last week. While federal investigation is going on, cyber-security experts generally feel that the crime of such a magnitude could not have been committed without deep insider knowledge and meticulous planning for several months. Some analysts even suspect that the hacks might have been inside jobs.
The exact sequence of events that led to the hack in this incident is yet to be firmly established. But, preliminary assumptions point out two things:- Hackers infiltrated/gained access to network, downloaded prepaid debit card data and erased their withdrawal limits.
- The stolen data had been passed on to numerous "cashers" in multiple cities across the globe, who withdrew millions of dollars from ATMs.
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