Tuesday, August 6, 2002

Massive ATM fraud after security problems due to Sept 11 http://fr.news.yahoo.com/020805/5/2pe9c.html [This is in French, but not yet reported in English. Translation with the help of Babelfish. thvv] 4000 people are suspected of taking a total of $15 million in ATM overdrafts from the NY Municipal Credit Union, whose computer system was damaged by 9/11 attacks and the phone and electric outages that followed. The CU chose to allow withdrawals of up to $500/day without checking. Word got around. One person withdrew over $18,000 in 54 transactions. [Tom Van Vleck via risks-digest Volume 22, Issue 19] 0:18 # G!