#atmfraud — Public Fediverse posts

🤦🏻‍♂️ Sometimes systems built to empower can be weaponized without the most basic controls. NYC’s Summer Youth Employment Program used prepaid debit cards for participants without bank accounts. Unfortunately a bug—or control gap—let scammers withdraw up to $40,000 from ATMs over 3 days. It became a social media-fueled fraud machine that drained around $17 million. The response from the city stressed that no taxpayer funds were lost (yea right) but questions remain about oversight, vendor responsibility, and protections for vulnerable youth.

TL;DR
⚠️ Unlimited ATM withdrawals from SYEP cards
🧠 Cards sold online as “easy money”
🔐 Transaction caps failed despite $200 limits
🔍 Who covers $17M loss, and why no safeguards?

https://www.nytimes.com/2025/07/24/nyregion/nyc-atm-scam.html
#YouthJobs #ATMfraud #CardSecurity #PublicProgramIntegrity #security #privacy #cloud #infosec #cybersecurity

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket - The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bi... - https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/ #governmentofficials #consumerprotection #financialimpact #cryptocurrency #impersonations #cashdeposit #olderadults #techsupport #bitcoinatm #medianloss #featured #atmfraud #bitcoin #crypto #losses #fraud #scams #btc #ftc

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket - The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bi... - https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/ #governmentofficials #consumerprotection #financialimpact #cryptocurrency #impersonations #cashdeposit #olderadults #techsupport #bitcoinatm #medianloss #featured #atmfraud #bitcoin #crypto #losses #fraud #scams #btc #ftc

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket - The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bi... - https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/ #governmentofficials #consumerprotection #financialimpact #cryptocurrency #impersonations #cashdeposit #olderadults #techsupport #bitcoinatm #medianloss #featured #atmfraud #bitcoin #crypto #losses #fraud #scams #btc #ftc

FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket - The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bi... - https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/ #governmentofficials #consumerprotection #financialimpact #cryptocurrency #impersonations #cashdeposit #olderadults #techsupport #bitcoinatm #medianloss #featured #atmfraud #bitcoin #crypto #losses #fraud #scams #btc #ftc

🎙️ New Podcast Episode Alert! 🎙️

Samsung Chipset Zero-Day Vulnerabilities, AI-Assisted Social Engineering, ATM Fraud with a Twist

In this latest episode, we delve into the discovery of 18 zero-day vulnerabilities in Samsung Exynos chipsets which can compromise devices without any user interaction. We also discuss the rising threat of AI tools being used to enhance social engineering attacks, with a focus on a project by Tavora and voice cloning company ReSpeacher.

Additionally, we delve into the issues surrounding ATM fraud and the use of tap-enabled debit cards at banks. The conversation covers the challenges of ending a session when using tap technology and one bank's initial denial of fraud claims. We also highlight the need for users to be extra cautious when entering their PIN, as attackers are becoming more innovative with skimmer technology and hidden cameras.

Join us in exploring these topics and more, as we discuss the trade-off between convenience and security in today's increasingly connected world!

🎧 Watch and listen now!

YouTube:
https://youtu.be/ZIB709rmqv4

Listen direct from our website:
https://sharedsecurity.net/2023/03/27/samsung-chipset-zero-day-vulnerabilities-ai-assisted-social-engineering-atm-fraud-with-a-twist/

Subscribe wherever you like to get your podcasts:
https://sharedsecurity.net/subscribe

#podcast #cybersecurity #infosec #samsung #AI #socialengineering #ATMfraud

[#Cryptocurrency] #Bitcoin ATMs hacked using a #zeroday exploit, $1.5M stolen.

Leading Bitcoin ATM maker #GeneralBytes disclosed that cybercriminals stole cryptocurrency from the company and its customers using a zero-day #vulnerability in its BATM management platform. The bug, tracked as BATM-4780 enabled the attackers to remotely upload a Java application via the ATM's master service interface and run it with 'batm' user privileges... More here: https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/ | #cybercrime #ATMFraud #infosec

[#Cryptocurrency] #Bitcoin ATMs hacked using a #zeroday exploit, $1.5M stolen.

Leading Bitcoin ATM maker #GeneralBytes disclosed that cybercriminals stole cryptocurrency from the company and its customers using a zero-day #vulnerability in its BATM management platform. The bug, tracked as BATM-4780 enabled the attackers to remotely upload a Java application via the ATM's master service interface and run it with 'batm' user privileges... More here: https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/ | #cybercrime #ATMFraud #infosec

[#Cryptocurrency] #Bitcoin ATMs hacked using a #zeroday exploit, $1.5M stolen.

Leading Bitcoin ATM maker #GeneralBytes disclosed that cybercriminals stole cryptocurrency from the company and its customers using a zero-day #vulnerability in its BATM management platform. The bug, tracked as BATM-4780 enabled the attackers to remotely upload a Java application via the ATM's master service interface and run it with 'batm' user privileges... More here: https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/ | #cybercrime #ATMFraud #infosec

[#Cryptocurrency] #Bitcoin ATMs hacked using a #zeroday exploit, $1.5M stolen.

Leading Bitcoin ATM maker #GeneralBytes disclosed that cybercriminals stole cryptocurrency from the company and its customers using a zero-day #vulnerability in its BATM management platform. The bug, tracked as BATM-4780 enabled the attackers to remotely upload a Java application via the ATM's master service interface and run it with 'batm' user privileges... More here: https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/ | #cybercrime #ATMFraud #infosec

[#Cryptocurrency] #Bitcoin ATMs hacked using a #zeroday exploit, $1.5M stolen.

Leading Bitcoin ATM maker #GeneralBytes disclosed that cybercriminals stole cryptocurrency from the company and its customers using a zero-day #vulnerability in its BATM management platform. The bug, tracked as BATM-4780 enabled the attackers to remotely upload a Java application via the ATM's master service interface and run it with 'batm' user privileges... More here: https://www.bleepingcomputer.com/news/security/general-bytes-bitcoin-atms-hacked-using-zero-day-15m-stolen/ | #cybercrime #ATMFraud #infosec