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Citibank ATM thieves broke PIN security
Security
Written by Danrok   
Wednesday, 02 July 2008 09:49

Supposedly no one knows how they did it

From The Inquirer:

NOW WE KNOW WHY early this year - in the midst of the banking liquidity crisis caused by mounting downgrades of toxic over-leveraged debt based on souring subprime mortgage loans - Citibank abruptly cut its daily limit on ATM withdrawal amounts in half.

At the time, some alternative news sources speculated that Citibank was running perilously short of cash, although the bank claimed that it imposed the reduced withdrawal limits in response to a spike in ATM fraud.

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