Taiwan Police Catch ATM Gang For $2.5m Bank Theft

Police in Taiwan sayat they arrested three out of 16 foreign suspects they believe hacked into the cash machines of a major local bank, withdrawing more than $2 million.

They are accused of targeting First Bank’s ATMs last week, using malware to withdraw more than T$80 million ($2.5 million) from dozens of machines.

A policeman recognized one of the suspects, a Latvian, while he was eating in a restaurant in the northeastern city of Yilan. Police arrested him later, an official of the Taipei City Police Department told a news briefing. Two other suspects, who are from Romania, were arrested in Taipei, police said, adding they had found more than T$50 million of the stolen money in a hotel room.

“This is the first time that an international team of ATM thieves has committed a crime in Taiwan,” Lee Wen-Chang, chief commander of the Criminal Investigation Division, told reporters.  Authorities are still investigating exactly how the crime was carried out, he said.

The remaining 13 suspects, including two from Russia, have left Taiwan, police said, adding they had alerted authorities overseas. The suspects may have used a cellphone to target 41 First Bank ATMs, investigators said.

In May, a gang stole $13 million from Japanese ATMs in a three-hour spree.

Since discovering the Taiwan theft, Taiwan’s major state-run banks have frozen withdrawals from nearly 1,000 ATMs of the kind targeted in the heist, which are supplied by Germany’s Wincor Nixdorf. About 4% of Taiwan’s national ATM network of 27,200 machines are affected.

Investigators have identified three different malware programs that were used to trigger withdrawals.

Fortune

« Cybersecurity Should Create Business Growth Strategies (£)
Next Steps For Data Protection: Implementation, Compliance & Best Practice »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

FT Cyber Resilience Summit: Europe

FT Cyber Resilience Summit: Europe

27 November 2024 | In-Person & Digital | 22 Bishopsgate, London. Business leaders, Innovators & Experts address evolving cybersecurity risks.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

The PC Support Group

The PC Support Group

A partnership with The PC Support Group delivers improved productivity, reduced costs and protects your business through exceptional IT, telecoms and cybersecurity services.

ZenGRC

ZenGRC

ZenGRC - the first, easy-to-use, enterprise-grade information security solution for compliance and risk management - offers businesses efficient control tracking, testing, and enforcement.

SAMATE

SAMATE

The Software Assurance Metrics And Tool Evaluation project is an inter-agency project between the US Department of Homeland Security and NIST.

Cyber Together

Cyber Together

Cyber Together is dedicated to advancing the cyber security industry by giving businesses access to Israel’s leaders, innovators and great minds in the field of cyber security.

Cyber 360

Cyber 360

Cyber 360 is a Cybersecurity contract and fulltime placement firm dedicated to identifying and hiring Cybersecurity professionals.

Open Information Security Foundation (OISF)

Open Information Security Foundation (OISF)

OISF is a non-profit organization led by world-class security experts, programmers, and others dedicated to open source security technologies.

Cynerio

Cynerio

Cynerio develops cybersecurity protections for medical devices, comparing network behavior with a database of medical workflows.

Greenetics Solutions

Greenetics Solutions

Greenetics Solutions is a company focused on providing solutions for information security.

NanoLock Security

NanoLock Security

NanoLock delivers the industry’s only end-to-end platform for the IoT and connected devices ecosystem.

DivvyCloud

DivvyCloud

DivvyCloud protects your cloud and container environments from misconfigurations, policy violations, threats, and IAM challenges.

NDK InfoSec

NDK InfoSec

NDK InfoSec is a specialist Information Security and Cyber Security search firm. We're not just a security function in a larger generalist recruitment company.

IntelliGenesis

IntelliGenesis

IntelliGenesis provide comprehensive cyber, data science, analysis, and software development services that provide tailored, secure solutions for your critical data and intelligence needs.

Technology Innovation & Startup Centre (TISC)

Technology Innovation & Startup Centre (TISC)

TISC is a startup incubator at the Indian Institute of Technology Jodhpur (IITJ) and we back deep-tech startups.

ITConnexion

ITConnexion

From cloud migration to ransomware protection, our managed IT services can be customised to address the most prevalent IT issues for your business.

Wisetek

Wisetek

Wisetek is a global provider of end-to-end IT Asset Disposition (ITAD), reuse and secure data destruction management services to the world’s leading IT Corporations, data centres and manufacturers.

BlockAPT

BlockAPT

BlockAPT, empowering you with an advanced, intelligent cyber defence platform. We protect our customers digital assets by unifying operational technologies against advanced persistent threats.

RegScale

RegScale

RegScale helps organizations comply in real-time with multiple compliance requirements (NIST, CMMC, ISO, SOX, etc), scalable to meet the needs of the entire enterprise.

Sri Lanka CERT

Sri Lanka CERT

Sri Lanka CERT is the National Centre for Cyber Security, which has the national responsibility of protecting the nation’s cyberspace from cyber threats.