The Exciting World of ATM Fraud

Citibank recently suffered a security breach related to ATM cards and PINs, and coverage of the story reveals a dramatic world of ATM fraud. Foot chases through the streets of New York, international money laundering, and routine traffic stops yielding big bucks are all part of the story.

If you're a Citibank card user, you should be extra vigilant for a while. You might even change your PIN. It turns out that a computer that processes ATM transactions got hacked, exposing card numbers and their corresponding PINs.

Wired has been covering the story, and their most recent installment is pretty interesting. You can read all about exciting breaks in the FBI investigation at Wired.com. They've painted a nice picture of the nuts and bolts of massive ATM fraud. [via Consumerist]

Further reading:

• How to Select a Good PIN