How much ATM bombings costs SA banks

From Business Tech –

“ATM bombings have cost local banks at least R40 million rand so far in 2015.

This is according to EWN, citing the South African Bank Risk Information Center (Sabric).

Sabric CEO, Kalyani Pillay told EWN that, while ATM bombings have declined 27%, the company has seen an “increase in advanced methods used by criminals to carry out the robberies”.

The South African Police Service released crime statistics for 2015, last month, showing that bank robbery was down 19.0%, while robbery of cash in transit was down 17.9%.

Rand Daily Mail reported that overall, banks lost about R100-million more than in 2014, to R300-million in 2015 from all forms of robbery.”

Read more>>

Who Says Banks Don’t Have a Sense of Humor? Even When They’re Robbed

From Financial Brand

“January 10 was typically cold in McCall, Idaho, a small resort town with nary 3,000 residents. With temperatures lingering just below freezing, Nathan Davenport decided to hit the ATM.

Literally. With his truck.

Sometime around 9 o’clock, Davenport pulled up to the ATM outside Idaho First Bank. Wearing dark clothes and a mask, he proceeded to cut the bolts off the ATM’s door, then attached a chain to it and ripped the door free with his truck (a stolen truck, of course). Apparently this wasn’t Davenport’s first time hijacking an ATM. The caper took less than seven minutes, and Davenport split with cash totaling $26,120.”

read more>>

Canadian police use YouTube to catch ATM thieves

Canadian police have hailed the power of social media after a YouTube video helped catch a gang suspected of breaking into more than 100 ATMs and stealing hundreds of thousands of dollars.

Last November, the Halton Regional Police service decided to post its first video on YouTube, featuring CCTV footage of attacks, in a bid to generate leads.

They offered a $25,000 reward for information leading to the arrest and conviction of the suspects involved in numerous break & enters across Ontario and Quebec where they targeted ATM machines using an Oxy-Acetylene torch.

With more than 60,000 views, the video has been "instrumental in generating leads which helped police to identify and arrest four people" in connection with the attacks.

The four gang members, Pierre Poirier, William Nolin, and Rejean and Maxime Lavigne have been hit with 65 charges with another 50 set to come from other jurisdictions.

DDoS Attack on Bank Hid $900,000 Cyberheist

“A Christmas Eve cyberattack against the Web site of a regional California financial institution helped to distract bank officials from an online account takeover against one of its clients, netting thieves more than $900,000.

At approximately midday on December 24, 2012, organized cyber crooks began moving money out of corporate accounts belonging to Ascent Builders, a construction firm based in Sacramento, Calif. In short order, the company’s financial institution – San Francisco-based Bank of the West — came under a large distributed denial of service (DDoS) attack, a digital assault which disables a targeted site using a flood of junk traffic from compromised PCs.”

read more>>