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Two Tennessee blokes use default ATM codes to steal over $400,000

Posted on November 14, 2014 by Dissent

Delwyn Pinto reports:

When a small-time Tennessee restaurateur named Khaled Abdel Fattah was running short of cash he went to an ATM machine. Actually, according to federal prosecutors, he went to a lot of them. Over 18 months, he visited a slew of small kiosk ATMs around Nashville and withdrew a total of more than $400,000 in 20-dollar bills.These two individuals managed to hack and reprogram the ATMs using just the keypad. These ATMs in question have an operator mode, using which a lot of variables of the machine can be managed and set to default mode. Most ATMs secure this mode by using a secret passcode. Fattah, being a former bank employee, knew this code and abused it to hack into the machines. Once hacked into the system, they reprogrammed the machine to think it was dispensing $1 bills when it reality it was dispensing $20 dollar bills. Once withdrawn, they programmed the machine back so that their little exercise wasn’t detected.

Read more on TechWorm.

Category: Financial SectorHackInsiderU.S.

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