Feeds

Saudi cops cuff four for mad bank card scam

Easy money

Build a business case: developing custom apps

Four teenage Saudis have been arrested over a technically implausible ATM scam said to have netted US$533,000 (two million Saudi Riyals) over two years.

The unnamed youngsters from the Taif area of Western Saudi Arabia apparently discovered game cards from the local mall allowed them to withdraw the same amount of money as the last previous legitimate ATM customer. The Terminator 2-style trick only worked at the machines run by one particular bank which "used an old system", according to authorities.

Funds came straight out of the bank's reserves and not from those of the previous customer. Bank officials reportedly noticed the discrepancies and called in the police, who tracked down one of the miscreants using video records and photos taken by ATM cameras.

The arrest of one of the group led to the arrest of three of his cohorts, who had used their ill-gotten gains to buy five cars, various Japanese imports.

Local reports are technically sketchy and fail to explain how the ATM machines, however old they were, accepted game cards.

The only theory that comes to mind is that the game cards were in some way similar to maintenance cards used by engineers to service the machines. This doesn't seem at all likely, and it seems more plausible that some sort of ATM skimming and reprogramming of the game cards was involved in the scam. ®

The essential guide to IT transformation

More from The Register

next story
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
Think crypto hides you from spooks on Facebook? THINK AGAIN
Traffic fingerprints reveal all, say boffins
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.