Financial Times FT.com

Cyber-thieves linked to Citibank ATM breach

By Joseph Menn in San Francisco and Francesco Guerrera in,New York

Published: August 24 2009 03:00 | Last updated: August 24 2009 03:00

The hacking ring allegedly at the centre of thelargest-ever identity theft breach last week was also involved in cracking a network of Citibank-branded ATMs that were located in 7-Eleven stores and operated by a third company, a law enforcement source claimed.

While hacking credit card data is common, successful attacks on ATM systems are much rarer and cause for greater concern because of the direct access they offer to large sums of money. Banks have said very little about their losses to cyber-thieves, but federal authorities say the figures have been growing rapidly.

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