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by vanzard 4146 days ago
> financial transfers can be reversed.

Not this time: hackers withdrew some of the money from ATMs.

2 comments

Fair point. As the responses note, the damage here is usually limited -- ATMs carry only so much cash each, and (usually) only dispense up to a few hundred dollars (or equivalents) at a time. There've been some exceptions where an exploit is found and utilized in mass effect at many locations in a short period. That takes a high level of organization though.
The total amount of cash and the per-withdrawal limits in an ATM limits the loss there. You can't steal millions of dollars from an ATM.
On Feb. 19, cashing crews were in place at A.T.M.'s across Manhattan and in two dozen other countries ... Starting at 3 p.m., the crews made 36,000 transactions and withdrew about $40 million from machines in the various countries in about 10 hours

I stand corrected. That's quite impressive and amazing that they had that many people involved and nobody tipped it off.