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FBI Warns Banks About Widescale ATM Cash-Out Scam

PYMNTS

The Federal Bureau of Investigation (FBI) has issued a warning to banks that cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,” in which the bad guys hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.

FBI
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Data Dive: Expanding Efforts — Good, Bad And Unpredictable

PYMNTS

According to a newly issued warning to banks , cybercriminals are gearing up to launch a choreographed global scam, known as the “ ATM cashout.” The idea is that the bad guys will hack a bank or payment card processor to clone cards, which they can use to withdraw money from ATMs around the globe.

FBI
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 Data Dive:  Expanding Efforts, Good, Bad And Unpredictable

PYMNTS

According to a newly issues warning to banks – cybercriminals are gearing up to launch a choreographed global scam, known as the “ATM cashout,”. The idea is that the bad guys will hack a bank or payment card processor to make cloned cards that they can use to withdraw money from ATMs around the globe.

FBI
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The payments regulation roadmap: Q2 2025

The Payments Association

For payments firms, the EAA is particularly relevant to customer-facing products such as payment terminals, mobile apps, online banking platforms, ATMs, and customer service interfaces. DORA establishes a comprehensive framework for incident classification and reporting, digital resilience testing, and oversight of outsourcing arrangements.