Can cyber-crime result in global financial systemic risk?
Trends in the Living Networks
MAY 13, 2013
On Saturday I was interviewed on SBS World News about the ATM heist that netted $45 million from 40,000 withdrawals over 26 countries. It was an extremely sophisticated attack, involving not just hacking credit card payment processors and banks, but also eliminating the limits on prepaid debit cards before creating thousands of copies.
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