Thursday, November 16, 2017

Ercan “Segate” Findikoglu

Ercan Findikoglu
In February, Turkish hacker Ercan Findikoglu was sentenced to eight years in a U.S. prison for his role as one the masterminds behind three cyber attacks that enabled $55 million to be siphoned from automated teller machines globally.

Findikoglu organized 'ATM cashouts' by hacking into networks of several credit and debit card payment processors. With each processor, they were able to lift the daily withdrawal limits on prepaid accounts and dramatically increase the account balances.

This allowed ATM withdrawals far in excess of the legitimate card balances.
Findikoglu managed a group of co-conspirators who disseminated the stolen debit card information to leaders of 'cashing crews' around the world; they, in turn, used the stolen information to conduct tens of thousands of fraudulent ATM withdrawals.

Thieves Elvis Rafael Rodriguez and Emir Yasser Yeje snapped a picture of themselves with a pile of about $40,000 in cash.
Eight residents of Yonkers, N.Y. charged by federal authorities in the global bank heist were foot soldiers in the scheme.

They helped hit ATMs all over New York City and stole $2.8 million in the course of two hours. The scheme involved hundreds of members spread out around the world and targeted banks in 26 countries.
The ring used prepaid MasterCard debit cards that were issued by the National Bank of Ras Al-Khaimah PSC, located in the United Arab Emirates, and the Bank of Muscat, located in Oman.

The US Secret Service arrested Findikoglu in Frankfurt in cooperation with German authorities. Millions remain unaccounted for.