ABSTRACT

Introduction On November 8, 2008, a wave of thieves fanned out across the globe nearly simultaneously. With cloned or stolen debit cards in hand-and the PINs to go with them-they hit more than 2,100 money machines in at least 280 cities on three continents, in such countries as the United States, Canada, Italy, Hong Kong, Japan, Estonia, Russia, and the Ukraine. When it was all over-incredibly within 12 hours-the thieves walked off with a total of more than $9 million in cash. And that gure would’ve been more had the targeted ATMs not been drained of all their money.