$45 Million proof that information infrastructure matters in finance

May 10, 2013

In Hours, Thieves took Millions in A.T.M. Scheme, NYTimes: “The significance here is they are manipulating the financial system to be able to change these balance limits and withdrawal limits,” said Kim Peretti, a former prosecutor in the computer crime division of the Justice Department who is now a partner in the law firm Alston & Bird. “When you have a scheme like this, where the system can be manipulated to quickly get access to millions of dollars that in some sense did not exist before, it could be a systemic risk to our financial system.”

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