[ISN] Iran's banking system hit by first ever electronic robbery

From: InfoSec News (isn@private)
Date: Tue Oct 28 2003 - 02:18:52 PST

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    http://www.iranmania.com/News/ArticleView/Default.asp?NewsCode=19048&NewsKind=Current%20Affairs
    
    October 26, 2003
    
    TEHRAN, Oct 26, (AFP) -- An Iranian hacker has managed to rob a local 
    bank of some 700 million rials (83,000 dollars) in the first reported 
    case of a bank in Iran being robbed by computer, press reports said 
    Sunday.
    
    The Shargh newspaper said the bank was accessed by a hacker who 
    managed to credit his or her account and then withdraw the money at 
    ATM machines which have only recently been introduced in the country.
    
    The bank was not identified, but last week the Iranian media reported 
    that Bank Melli -- the country's oldest bank -- had been experiencing 
    some problems with electronic cash dispensers.
    
    Automated Telling Machines, or ATMs, have only begun to appear in Iran 
    in recent years. But for most clients, a visit to a bank normally 
    requires patiently sifting their way through a bundle of paperwork and 
    several layers of bureaucracy.
    
    The Shargh newspaper said the thief was still at large, but gave no 
    further details.
    
    
     
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