Five suspects arrested in $45 million ATM bank heist

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Podcasts Take Two

Nov 19, 2013

Listen • 6:05

Five suspects arrested in $45 million ATM bank heist

The heist resulted in the theft of $45 million from ATM’s around the world.

This week's massive cyber-heist was facilitated by the ease with which criminals have learned to hack the magnetic stripe on the back of ATM, debit and credit cards.

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The heist resulted in the theft of $45 million from ATM’s around the world.

Five suspects have been arrested in connection to a bank heist that can only be compared to the movie "Ocean’s Eleven."

The heist resulted in the theft of $45 million from ATMs around the world. How did thieves pull off such a massive scheme? They hacked into the computers of bank card processors.

Kim Zetter of Wired joins us to talk more about this scheme.